Million

Resistance

Simply

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>TTOO stock’s CMP is $0.5257 and is trading near crucial key resistance which may display a good move in the forthcoming weeks.</a> </li> 
 <li> <span>2</span> <a>TTOO stock price increased by 50.20% over the past week and is trading above major EMA’s.</a> </li> 
 <li> <span>3</span> <a>T2 Biosystems Inc. ( NASDAQ: TTOO) stock’s 52-week price range is $0.0540 – $2.11.</a> </li> 
</ul> 
<p>According to a financial website, Simply Wall St., T2 Biosystems Inc. recently revised revenue guidance for the year 2023. The TTOO, now foresees full-year total sepsis and related product revenue (of around $9.5 to $10.5 Million), highlighting the growth of 13% to 25%, as measured to the year 2022.</p> 
<p>TTOO has performed well in the last month, surging by 377.91%, but underperformed by 21.54% in the last six months. T2 Biosystems Inc. (NASDAQ: TTOO) stock has a negative year-to-date return of 62.18% and a one-year return of 92.49%. The average volume is 175.899 Million and the current volume is 149.906 Million where the current volume is below average volume.&nbsp;</p> 
<p>Moreover, the market capitalization of TTOO stock is $175.363 Million and the total revenue is $22.305 Million. Moreover, the stock’s basic EPS is -$5.7487 and the price-to-earnings ratio is -3.4. T2 Biosystems Inc. (TTOO) stock has a debt-to-equity ratio of 138.8%, as reported by Simply Wall St. This highlights that it has more debt than equity, which is the difference between its total liabilities of $73.55 Million and total assets of $37.13 Million. TTOO’s debt is $50.57 Million, while its equity is depleted and is -$36.42 Million.</p> 
<h2 class="wp-block-heading" id="strong-ttoo-stock-price-technical-analysis-in-1-d-timeframe-strong"><strong>TTOO Stock Price Technical Analysis in 1-D Timeframe</strong></h2> 
<p>The price action shows that T2 Biosystems Inc.’s stock price was in an uptrend. On July 28th, the stock took major support on the demand zone around $0.0520 where liquidity was present and was rising.&nbsp;</p> 
<p>At the time of writing, TTOO is trading at around $0.5257 and facing the important key resistance at around $0.6418. it might decline if selling pressure increases. Either it will drop back to the nearest order block (demand zone) or it will increase. If the decent buying volume adds up then TTOO might make new highs.</p> 
<p>Therefore, if Stock fails to maintain the current level, the price could continue to drag downwards and hit the nearest support levels around $0.2313 and $0.0520.</p> 
<p>However, if the stock price sustains the current level and TTOO’s price increases, then it might reach the nearest resistance levels of $0.6418 and $1.06.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/GYyw1HhWYDEczX7aekHhOFH5NYwS4yMVrgvhzimdEQE2Q38kHuWYY-__mhmeILYyOlEv0FexwCuNlTc_jrPREw6uGEEcT5Ek9o3i7vWc3AtPfNEg4LJJa-rcb5XN78qlZPouD13sqrmXtcuUnamzb15tF6ezoQ8OYVAK7fNpHYabFL6zg_JJl5GVE7vFUw" alt="TTOO Price Forecast: Can (NASDAQ: TTOO) Thrust Above $1 Mark?"> 
  <figcaption class="wp-element-caption">
    Source: TTOO.1D.NASDAQ by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, T2 Biosystems Inc. is trading above all the major exponential moving averages (EMA’s – 20, 50, and 100-day), which supports the <a href="https://www.thecoinrepublic.com/2023/08/21/coin-stock-continues-to-plunge-will-it-touch-50/" rel="noopener noreferrer nofollow">TTOO price trend</a>.&nbsp;</p> 
<p>However, on the daily chart, it is noticed that the stock is facing resistance and trading lower, if more selling volume joins the stock then it might break supporting EMA’s.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/SWkbcYBE1ds8G9H8go-8gInxQo57Nj8GWL31g-kp0GGlmASpCJOSMIVttC6IZYKpHya1hO7uAto0UWRB_Jn9JdRdPdf0L50pZ9EW5LXZEAnrbIXYmCoNJ9-rDQBS5taFer0crHvkOq5uZOnC2-R3sOHI3Uc3N-2F0x3JAVTFCVFJVjBnzDYVgNmR58j7ow" alt="TTOO Price Forecast: Can (NASDAQ: TTOO) Thrust Above $1 Mark?"> 
  <figcaption class="wp-element-caption">
    Source: TTOO.1D.NASDAQ by TradingView 
  </figcaption> 
 </figure> 
</div> 
<p>The current value of RSI is 66.75 points. The 14 SMA is above the median line at 71.93 points which indicates that in TTOO stock the RSI line took rejection from 14 SMA and is aiming towards the oversold zone.</p> 
<p>The MACD line at 0.1059 and signal line at 0.0814 are above the zero line and both lines have started narrowing towards each other. A bearish crossover is anticipated in the MACD.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>T2 Biosystems Inc. the price action highlights a bearish view. At the time of publishing, the technical oscillators for TTOO price also support a bearish trend. Most sought and reliable oscillators such as MACD, RSI, and EMA highlight upward hints in TTOO price. Moreover, the investors and traders of the stock on the daily time frame chart highlight bearish sentiments. </p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels</strong>: The nearest support levels for TTOO price are $0.2313 and $0.0520.</li> 
 <li><strong>Resistance levels:</strong> The nearest resistance levels for the TTOO price are $0.6418 and $1.06.</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

TTOO Price Forecast: Can (NASDAQ: TTOO) Thrust Above $1 Mark?

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