- The Tornado Cash price is retesting the supply wall near $12, rising about 6% over the past 24 hours.
- As top crypto assets posted a general bounce, TORN climbed from lows around $11.50 to re-challenge the key resistance area near $12.40.
- The technical picture appears bullish, with TORN looking poised to break above a rising triangle pattern on the daily chart.
Tornado Cash (TORN), the governance token for the Ethereum-based privacy protocol that recently made headlines due to a court ruling involving one of its co-founders, is trading at a critical level after bouncing from recent lows.
With the broader cryptocurrency market showing resilience and analysts predicting improvement in Q4, is TORN positioned for further gains?
Could bulls push the price back toward $20, last seen in January 2025?
Tornado Cash price retests $12 resistance
When cryptocurrencies faced bearish pressure earlier in the week, Tornado Cash traded lower alongside many other tokens.
But as major coins recovered some ground, TORN climbed from a low near $11.50 to test the key resistance zone around $12.40.
This area has previously acted as a significant supply wall for TORN.
The renewed test of that zone mirrors the wider market rebound, with both Bitcoin (BTC) and Ethereum (ETH) bouncing back to important levels after Monday’s pullback.
BTC briefly slipped below $108k but has since reclaimed momentum and is trading above $110k.
Meanwhile, ETH — off its fresh all-time high above $5k — has stabilized above $4,400 as buyers fend off sellers.
TORN’s upward move aligns with this return of market optimism as the token challenges the $12.40 resistance band.
Historically, this level has acted as a barrier, stalling rallies in December 2024 and January 2025.
Over the last 24 hours, Tornado Cash has gained nearly 6%.
However, 24-hour trading volume remains modest at about $84.9k, up roughly 3% from the previous day, suggesting limited market activity.
Tornado Cash price outlook: Is $20 next?
The technical outlook for TORN is increasingly bullish, with the token forming a rising triangle on the daily chart.
Analysts often associate this pattern with a potential breakout, and the $12.40 resistance level is critical in that context.
A decisive daily close above this point could generate momentum that pushes TORN toward the next significant resistance around $20.
Looking at indicators, the Relative Strength Index (RSI) currently sits near 57, indicating neutral-to-mild bullish momentum.
On the upside, prior highs this year around $27 and the November 2024 peak near $39 represent potential longer-term targets.
If TORN fails to secure a convincing break above $12.40, a pullback to support near $10 is possible. A stronger buying zone exists closer to $7.20.