PORTAL Surges with Bullish Momentum, Eyes $1.56; Tensor (TNSR) Gains Traction, Targets This Next Price
Trends in the cryptocurrency market highlight price movements for PORTAL and Tensor (TNSR). Both tokens have experienced notable increases, capturing the attention of investors and analysts. Experts have highlighted the latest developments, market reactions, and future prospects of these two cryptocurrencies.
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PORTAL Surges Amid Bullish Sentiment
The price of PORTAL has seen a notable uptick. Trading at $0.9589, PORTAL saw an 11.70% rise in the last day and a 15.96% rise over the past week. This surge has been accompanied by trading volume, reaching $109,929,399.92 within a daily period.
Crypto influencer Old Man Crypto commented on this upward trend, advising investors to “Calm down and wait for the big pump.”
Similarly, Crypto King.eth.sol emphasized the potential of $PORTAL, stating, “$PORTAL ABOVE 1.5$ WILL MAKE PEOPLE FOMO. DONT MISS THE TRAIN.” This sentiment echoes the general optimism surrounding $PORTAL’s future prospects.
TMC, another influential voice in the crypto community, highlighted the technical aspects of $PORTAL’s price movement. “Nice bounce from $PORTAL. If we can clear the resistance at $1.12, I think $1.56+ comes quick. It’s good to see bullish price action even with the VC unlocks,” TMC noted. The resistance level at $1.12 remains a crucial threshold for $PORTAL, with a potential for rapid gains if surpassed.
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Tensor (TNSR) Gains Traction
Tensor (TNSR), recently listed on Binance, has also captured investor attention with its price performance. Currently trading at $1.32, TNSR saw a 19.58% increase in the last day and a 22.89% rise over the past week. The daily trading volume for TNSR stands at $268,087,900.04.
Cryptorphic, a respected crypto analyst, provided insights into TNSR’s market position, noting that it is trading at a substantial 53% discount from its April 2024 all-time high.
Cryptorphic pointed out potential target ranges of $3-4, while also cautioning about the token’s limited social media presence and its association with NFT trading on the Solana blockchain. “While technical analysis signals a promising long-term outlook, always DYOR, NFA,” Cryptorphic advised.
Adding to the optimistic outlook, user @elnino808 highlighted TNSR’s breakout and bullish divergence. “@tensor_hq has breakout, currently retesting back on the accumulated area. Bullish divergence condition, and it also has a great risk to reward 1:6. Bullish weekly chart as well, breaking out with huge volume,” they observed. The combination of technical indicators and substantial trading volume suggests a favorable risk-to-reward ratio for investors.
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