TST Token Surges 14% Amid Trading Volume Drop and Criticism
TST token, created by Binance for educational purposes, rose 14% in 24 hours, peaking at $0.2028 before retracting to $0.1929. Trading volume decreased by 15.40% to $471.97 million.
- Criticism of potential market manipulation has arisen, with former Binance CEO Changpeng Zhao acknowledging flaws in the exchange's listing process.
- Analysts identified a double bottom pattern on the 4-hour chart, suggesting possible bullish momentum as selling pressure weakens.
- Breakout levels are between $0.20 and $0.22; a close above this range may signal a trend shift, targeting $0.25–$0.30.
- If TST drops below the second low, the bullish outlook could be invalidated.
TST Price Analysis on Hourly Chart
- The RSI is at 61.71, indicating strong buying pressure and potential overbought conditions.
- The MACD remains bullish, with the MACD line above the signal line and increasing histogram bars.