Twister Money (TORN ) Surges +700% But 96% Beneath ATH—What Lies Forward?

• Twister Money surges +700% after a U.S. court docket dominated sanctions illegal.
• Regardless of this surge, the TORN token stays 96% beneath its $408 all-time excessive.
• Technical indicators trace at a potential slowdown in TORN ‘s bullish run.

After a U.S. Court docket declared sanctions towards the Twister Money platform as illegal, the TORN  token surged 700%. Nevertheless, it traded 96% beneath its all-time excessive of $408. On the time of writing, the token is hovering round $20. 

In February 2021, TORN’s circulating provide was 500,000 tokens, valued at $204.07 million, with a value of $408 per token. By November 2024, the whole provide elevated to eight.9 million tokens, however its market cap is roughly $176.04 million. This matches its 2021 valuation regardless of the distinction in token value.

Most of TORN’s provide went to governance (55%), adopted by workforce and investor allocations (30%), anonymity mining (10%), and airdrops (5%). The value dilution aligns with the gradual unlocking of provide, reflecting the challenges of token inflation and market sentiment in the direction of privateness protocols.

TORN Market Overview

Based on CoinMarketCap information, TORN  reached a short-term peak of $36.42, following its rally. Nevertheless, this bullish momentum dipped drastically because the token plunged to a weekly low of $12.91 earlier than discovering stability above the $16 help zone. As of press time, TORN  was buying and selling at $16.91, reflecting a ten% dip up to now 24 hours.

Regardless of the sharp fluctuations, the token has a market cap of $88.91 million, putting it at 508th in world cryptocurrency rankings. Over the past 24 hours, the buying and selling quantity has declined by 56.58%, totaling $4.88 million. Regardless of current volatility, the token’s volume-to-market cap ratio of 5.54% continues to display reasonable liquidity out there.

Technical Indicators Trace at Waning Bullish Sentiment

The technical indicators trace that Twister Money might face friction in its bullish momentum. The 14-day RSI, presently at 83.42, stays above the overbought threshold of 70 however is trending downward. This means that TORN  is prone to expertise overbought situations, setting the stage for a potential short-t

Equally, the Directional Motion Index (DMI) displays a weakening uptrend. Whereas the +DI line (75.39) stays above the -DI line (0.72), signaling bullish dominance, the downward trajectory of the +DI line suggests that purchasing stress is easing. Nevertheless, the ADX worth at 57.33, signifies a powerful general development. If the ADX declines, it might scale back momentum and improve value consolidation or retracement.