Tension Price Prediction: TNSR Plummets 12% as Traders Turn to This Green Transportation ICO for Explosive Gains

Tensor price has dropped 12% in the past 24 hours and is trading at $1.8572 as of 06:20 AM EST.
Previously, the TNSR price hit an all-time high of $2.6890 on the Binance exchange. The surge occurred after the platform launched Solana’s non-fungible token (NFT) marketplace on April 8, opening its doors to traders.
Official trading now live!
@tensor_hq
The first epNFT series is composed of
@epplex_xyz
According to WNS standards
@wenwencoin
Casting.
Link:
https://t.co/jLNFXGVUIm
pic.twitter.com/xgVGLVR6CP
— Blessed Burgers | MINT LIVE (@blessed_burgers)
April 8, 2024
According to reports, NFT marketplace Tensor launched its native token $TNSR, which resulted in an increase of 800% in NFT sales by Tensorians. TNSR is the governance token of Tensor, a digital marketplace for Solana NFTs. Professional traders can buy, sell, and trade digital collectibles running on the Solana blockchain network on Tensor.
Follow these Tensorian chads
https://t.co/tMXorjHb4W
Who else should we add?
— Tensor ⚡️ (@tensor_hq)
April 5, 2024
Meanwhile, the community of TNSR holders is closely watching the airdrop activities of Tensor NFT marketplace users.
$TNSR
Now online.
All chests (S1, S2, and S3) are now open.
You have 180 days to claim it
$TNSR
.
pic.twitter.com/SqZjAZtw9I
— Tensor Foundation (@TensorFdn)
April 8, 2024
TNSR Token Economics: Tensor Price Tests Market Range Midline
With the launch of the token, the total supply of TNSR is 1 billion, of which 125 million were released in the initial airdrop. The Tensor team also allocated 55% of the total supply to the community, 27% to core contributors, 9% to investors and advisors, and retained the remaining 9%.
What is TNSR?
$TNSR
yes
@tensor_hq
A governance token that can guide and influence the direction of the protocol through on-chain governance.
Total supply: 1 billion
Initial airdrop amount: 125 million (12.5%)
pic.twitter.com/Q2meVhiVri
— Phantom (@phantom)
April 8, 2024
Amid the growing number of cryptocurrency scams, users are advised to claim their tokens only through the official website.
It is worth mentioning that the TNSR token is available for spot trading on multiple exchanges including Binance and KuCoin. Other exchanges are expected to list the token, including Bitget Exchange, which could provide a significant boost to the price of Tensor as its exposure will increase.
Tensor Price Outlook: Tensor joins list of fast-growing NFT marketplaces
Tensor price is testing the market range midline, which is the 50% Fibonacci placeholder at $1.8597. This market range is the range from the peak of selling pressure at $1.5993 to the peak of buying pressure at $2.1201. The mean reversal principle is verified in the TNSR to USDT chart, and now Tensor price is ready for the next move.
From a technical perspective, the market is tilting toward the downside, suggesting a possible breakout of the 50% Fibonacci placeholder support. First, the Stop and Reversal indicator (SAR) is tracking the Tensor price from above $2.1000.
Moreover, the Relative Strength Index (RSI) is below the “50” mean level, which suggests weakness on the bulls’ side. The momentum indicator is below the signal line yellow band, further emphasizing the bearish view.
If the bears take over the market, the Tensor price could fall further, which could offer buying opportunities at the 38.6% or 23.6% Fibonacci Retracement levels of $1.8004 or $1.7223. In extreme cases, the sell-off could lead the Tensor price directly to the bottom of the market range at $1.5993.

TradingView: TNSR/USDT 30-minute chart
The opposite situation
On the other hand, if the 50% Fibonacci placeholder provides support at $1.8597, the Tensor price is likely to bounce back and move upwards. Flipping the most critical 61.8% Fibonacci Retracement level will encourage more buy orders.
Subsequent demand pressure could push Tensor prices higher, possibly reaching a high of $2.1201 to recapture the top of the market range. Such an uptick would take the price up nearly 15%. Investors seeking to open a position should wait for the RSI to clearly cross above the 50-mean level.
Investors looking for greater returns and who can tolerate the risk can consider eTukTuk, which is considered by some to be one of the best cryptocurrency ICOs of 2024. The project has raised nearly $3 million.
Promising alternatives to Tensor
eTukTuk is an environmentally friendly future mode of transportation that integrates artificial intelligence, allowing you to invest and profit immediately. The project provides an opportunity to enter the sustainable transportation revolution through its green $TUK token presale. It is one of the best low-priced cryptocurrencies in 2024.
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February 6, 2024
eTukTuk is dedicated to helping tuk-tuk drivers in South Asia and Africa save energy. As governments in Asia and Africa begin to adopt bold electric vehicle targets over the next 20 years, eTukTuk could play a key role in driving this shift.
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eTukTuk's staking mechanism provides investors with an annual yield (APY) of 193%. Users will be rewarded with 4.75 $TUK tokens in each BSC block. The rewards will be paid out over 3 years and will be determined based on your share in the staking pool and the annual return percentage.

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Also read:
The Green AI Revolution in Web3 - How to Seize the 100-fold Opportunity of eTukTuk
eTukTuk (TUK) Enters 2024 with Massive Funding, Find Out Why
eTukTuk strives to bring sustainable transportation to developing countries through its innovative three-wheeled electric vehicles and charging infrastructure
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