TST Token, which was traded on the Binance platform, awakened both excitement and reservations among investors due to launch and price movements. Token, which was initially used for educational purposes, became a controversial being by transforming it in a short time. Token’s recently experienced 70 %decline, affecting the expectations of investors.
Test Token Price Development
TST Token fell from $ 0.5244 to $ 0.16, determined four days ago. Former Binance CEO Changpeng Zhao criticized the listing process of the token.
Changpeng Zhao said the TST listing process is problematic.
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Allegedly, the token was initially introduced for test purposes, but then became a risky asset.
Analysts evaluated the signals of a strong rise by observing jams on the TST token price chart. The current resistance level is 0.2329 dollars, and if this level is exceeded, it is discussed that it will reach $ 0.3992 and then a new summit to $ 0.5290. The formation is expected to increase a 224 %increase. But why should such an increase in such an increase except for a test token speculation?
Anti-inflation model
One of the remarkable features of the token is the division of 100 %of the income from the liquidity pool to token burning. The burning process, which is expected to move the price to be realized every two weeks, has confused the investors’ head in a positive way. High transaction volume supports increasing investor participation.
The price remains above the specified critical levels and is considered important for the expected rise. While investors closely follow market trends, they continue to look for positive signals for the realization of the rise pointed out by technical indicators.
The technical formation and the planned token burning activity create positive expectations about TST Token. The general appearance of the market and the movements of investors support the predictions that this will affect future price performance.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
