Tensor Price Prediction: TNSR plunges 21% in one week as analysts say this new Solana Meme coin could rise 10x with massive airdrops and new listings.

The tensor price is Under It is up more than 22% on the weekly session after trading at $1.71 as of 2:10 a.m. EST, after falling more than 9% over the past 24 hours as investors continued to dump the token.

These price drops also occur on cryptocurrency exchanges, including giants such as: bitget, Binance and great Everyone welcomes cryptocurrencies to their platform.

Tensor price integration

TNSR/USDT 1-hour chart (Source: TradingView)

that much tensor The price has been in a consolidation phase between $1.5357 and $1.9910 over the past 24 hours. This follows a surge from $0.03 to a high of $2.6890 before closing the first hourly candle at $1.8997.

There are a variety of reasons why cryptocurrencies may enter a consolidation phase. Lack of trading activity is usually the main culprit, but according to smart investors and traders, this period can also be identified as an accumulation phase. Tensor price may soon challenge the $1.9910 resistance if traders start acquiring altcoins at current levels. Sufficient buying pressure could turn the mark into support, paving the way for TNSR to advance to a subsequent mark at $2.6738.

This bullish argument could be invalidated if TNSR falls below $1.5357 in the next 12 hours. In this bearish scenario, the price of Tensor is at risk of potentially falling to $0.03. One thing to keep in mind is that if $1.5357 support is breached, the altcoin will be pushed into the discovery phase where it can build a strong base in the early stages. As a result, it is unlikely that Tensor price will plummet to its initial $0.03 price.

Buyers may soon see higher Tensor prices

technical indicators TNSR Looking at the 1-hour chart, we can see that buyers are slowly making a comeback. Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicate an increasing presence of buyers, although they still signal sellers’ dominance.

The MACD line begins to slowly rise towards the MACD signal line. This indicates that the entered negative trend TNSR has peaked and is undergoing a reversal, as evidenced by the MACD line located below the MACD signal line. The RSI line, located just below the simple moving average (SMA) line, is also gradually narrowing the gap between the two technical indicators. A major bullish technical signal is triggered when the RSI and SMA lines cross on the hourly chart over the next six hours, which could indicate a change in momentum in favor of buyers.

Investors are flocking to the Solana meme coin while Tensor price is forming a technical foundation. smog (SMOG) following its massive airdrop and MEXC’s first major listing last week.

A large pool of investors may soon flock to this meme coin.

Solana meme coins have been a hot topic in the cryptocurrency industry over the past few weeks, with investors pouring millions of dollars into pre-sales of these cryptocurrencies. Due to so much hype surrounding these meme coins, exchanges have started listing the tokens on their platforms.

In particular, Binance recently announced that it would list Dogwifhat (WIF) and Book of Meme (BOME), causing their prices to surge. This price surge after listing on the exchange is the reason why many investors are expecting a sharp rise in the price of SMOG after it achieved its first major exchange listing on MEXC.

The listing opens up the meme coin to a wider pool of investors whose purchases may increase as new investors and traders join the mix, resulting in a surge in the value of the dragon-themed cryptocurrency.

And the development team stated that MEXC’s listing may soon open the door to listings on additional top exchanges.

SMOG’s massive airdrop season 2 begins

SMOG took the cryptocurrency world by storm by announcing a massive airdrop campaign that was touted as “the best airdrop ever.”

A week ago, Season 1 of the campaign ended, with $1 million in tokens distributed to investors. Now, with the second season already underway, members of the cryptocurrency community are rushing to get their hands on the upcoming airdrop.

one #memecoin To rule them all! 🚀

Get ready for the best moment #airdrop Distributed in History #Solana. 💰

join #smog From Jilly! 🔥

Profile link 🔗 pic.twitter.com/vsn4p5cSF4

— Smog (@SMOGToken) February 8, 2024

The main difference between the first and second seasons is that the latter prioritizes on-chain and trading activity. This serves as an incentive for traders and investors to actually engage with tokens on MEXC, while also providing rewards for transactions made in MEXC.

Another top exchange listing is also in the works, so now might be a good time to buy the token before it hits the wider market.

SMOG can be purchased at a 10% discount on the official website.

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