The TacoCat company added new board advisors to the TacoCat community.
NEW DELHI (CoinChapter.com) — TacoCat, a pop culture-inspired crypto community, saw its native token TCT prices fall 25.6% from Jan 3’s high of $0.039 to reach $0.029 during trading on Thursday. The TacoCat token fell 11.3% on Wednesday, but the token has been moving laterally since Oct.
Furthermore, the TCT token’s current bear run brought prices below its 50-day and 100-day MA trendlines, making it bearish across short and medium-term time horizons. At present, the token has immediate resistance at $0.032.
If TCT prices move above their immediate resistance, TacoCat will face resistance at $0.034, near a resistance confluence of the TacoCat token’s 50-day MA and 26-day EMA trendlines. A sustained buying pressure could drive prices to $0.0368 before TCT pulls back.
TCT price on the daily charts with MACD. Source: Tradingview.com
On the other hand, if the TacoCat token price continues to fall, TCT might seek to regroup above immediate support at $0.0297, near its 200-day MA line. Moreover, the TCT token also has key support at $0.028. Despite being tested repeatedly, the $0.028 price level has supported TCT since Oct 2.
Trend-based momentum oscillator MACD charted a bearish crossover for the TacoCat token on Jan 5. In detail, a bearish crossover occurs when the MACD line (difference between 12-day and 26-day EMA) moves below the MACD signal line (9-day EMA of MACD), indicating an asset’s momentum has moved into the bearish regions.
TCTUSD on the daily charts with RSI. Source: Tradingview.com
Furthermore, the MACD histogram, which charts the difference between the MACD and its signal line, is painting expanding negative bars, indicating strengthening bearish momentum for the token. Meanwhile, the relative strength index for the TCT token is currently neutral, clocking 40.20 on the daily charts.
The RSI trendline is currently moving downwards towards the oversold regions.
TacoCat Partners With Simplex
TacoCat is a utility token that aims to bring cryptocurrency mainstream. The project aims to target the growing popularity of the play-to-earn crypto gaming industry with the Wildcard P2E game. The Wildcard is a play-to-earn, NFT collectible digital card collectible game that allows players to become investors.
Wildcard will launch on Apr 6. Meanwhile, the TacoCat company announced the addition of new board advisors to the TacoCat community. In addition, the project has partnered with payment solution provider Simplex, part of a suite of fintech solutions from Nuvei.
Ari Last, VP of Business Development at Simplex, will serve as the Business Development Advisor to TacoCat. Next comes Sam Grant, who would join TCT as a Marketing Advisor. Mr. Grant has served as a CMO for Coca-Cola UK and Samsung UK with a great track record of brand building.
I admire the vision of the Tacocat team to make crypto currency mainstream while bringing a social benefit to developing countries through play-to-earn gaming. I look forward to helping them become a major brand and developing world-class marketing programs.
Despite more than a few bullish fundamentals, the TacoCat token continues to move downward. At the time of writing, TCT was changing hands at $0.031, down 2.17% on the day.
A Delhi-based Markets writer, I did my bachelor's in engineering with major in electronics and communications. I first heard of bitcoin while writing an article about blockchain technology a few years back, and have been following it ever since. Bitcoin may well be current big thing happening in the finance industry, and it feels like the right time to join the crypto bandwagon.
DOGE is showing bullish signs above $0.080. The bulls seem to be in control and there are chances of...
Our Partners
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
Cookie
Duration
Description
cookielawinfo-checbox-analytics
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional
11 months
The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance
11 months
This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy
11 months
The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.