The post Tornado Cash (TORN) Surges 42% in a Day, Indicators Hint Further Gains appeared on BitcoinEthereumNews.com.

Tornado Cash (TORN) Surge of 42% in the last 24 hours suggests bullishness. TORN Indicators such as MACD and RSI are showing bullish signs. Tornado Cash (TORN) price is showing a strong upward trend and surged 42% in the intraday session. The bulls are looking aggressive and have reached new heights. TORN cryptocurrency has increased by more than 59% in the past week, indicating positive momentum. TORN price trading above 50-day and 200-day exponential moving averages indicates a bullish trend. The price analysis reveals that the TORN has broken multiple highs and demonstrated the strength of the buyers, which sustains buying momentum. However, in previous months the Tornado Cash cryptocurrency was too volatile. In November 2024, the TORN price spiked more than 1000% reaching from $3 to $39 in just two days. From there, it tanked to $12 level. In January 2025, it surged more than 235% reaching the price of $26, and then halted as buyers failed to maintain bullish momentum.  According to CoinMarketCap data, at the time of writing Tornado Cash’s price is trading at $11.4255 with an intraday surge of 42%, indicating bullishness. The daily trading volume has surged by 1,880% suggesting buying momentum and the volume-to-market ratio is 5.84%.  Will Tornado Cash (TORN) Price Break Above $15 Mark? The current RSI value is 66.63 points. The 14 SMA is above the center line at 52.02 points, indicating the bullish momentum in Tornado Cash price. MACD line at 0.6293 in the positive zone with a green histogram suggesting positive momentum. If buying volume increases more, the price can create higher highs and reach the $15 mark maintaining the bullish momentum. Therefore, the Tornado Cash price is expected to move higher and remain strong on the daily technical chart.  Highlighted Crypto News Today:  ‌IMF Includes Cryptocurrencies in Balance…

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Filed under: News - @ March 22, 2025 12:11 pm