- Tornado Cash price retests supply wall at $12 with a 6% spike in the last 24 hours.
- Market-wide recovery among top coins has helped TORN rebound from $11.50 lows to test the key resistance zone near $12.40.
- The technical outlook appears bullish as TORN forms an ascending triangle on the daily chart, suggesting a potential breakout.
Tornado Cash (TORN), the governance token for the Ethereum privacy protocol, has returned to a crucial price area after recovering from recent lows. The project was recently in the news due to a court ruling involving one of its co-founders, and its token is now trading at a level that could determine the next leg of its trend.
With the broader cryptocurrency market showing renewed resilience and some analysts projecting stronger performance into Q4, investors are watching whether TORN can build on the current bounce and push higher. A successful breakout could raise the question: is a return to the $20 range, last seen in January 2025, within reach?
Tornado Cash price retests $12 hurdle
On Monday, Tornado Cash moved lower alongside many other tokens during a period of market-wide weakness. Since then, however, the market has recovered some lost ground and TORN has followed suit, rebounding from intraday lows near $11.50 to approach the resistance region around $12.40.
That $12.40 zone has historically acted as a supply wall that capped upward moves in December 2024 and January 2025. The current retest therefore represents a critical juncture: a decisive push through this level would indicate renewed buying conviction, while a failure to hold could reopen downside risks.
The recent upside move comes as major cryptocurrencies show signs of stability. Bitcoin and Ethereum both recovered after earlier dips, with Bitcoin reclaiming ground above $110k and Ethereum stabilizing above $4,400 following a retreat from its all-time highs. TORN’s rally is consistent with this broader market optimism.
Over the past 24 hours, Tornado Cash has gained nearly 6%. Trading volume remains modest, however, with 24-hour volume around $84.9k—only about 3% higher than the prior day—indicating limited liquidity behind the move.
Tornado Cash price forecast: Is $20 next?
Technically, TORN is forming an ascending triangle on the daily chart, a pattern often associated with upward breakouts when confirmed. The $12.40 resistance line is the pattern’s horizontal boundary and breaking and closing above it would increase the odds of further gains.
Momentum that follows a clear breakout could target the next major resistance near $20. Indicators such as the Relative Strength Index (RSI), which currently sits around 57, suggest room for additional upside before the token becomes overbought. Longer-term targets, if momentum accelerates, include prior year-to-date highs near $27 and the November 2024 peak near $39.
On the downside, failure to reclaim and hold above $12 could see TORN slide back toward support at $10. A deeper pullback would open a stronger buy opportunity around $7.20, which has previously acted as a more durable support area.
In summary, Tornado Cash has staged a short-term recovery that brings the token to a meaningful resistance zone. Traders will be watching for a confirmed break above $12.40 on meaningful volume to validate the bullish ascending triangle scenario. Until that confirmation, limited trading volume suggests caution, as price action could remain sensitive to broader market moves and newsflow.