Down 7.5% But… – Identifying TIA’s Bullish Potential from the Chart
Despite its recent drop of 7.47%, TIA is still in a continuing consolidation phase. Currently, TIA is trading within a one-month consolidation channel and the recent pullback could push the price down to the $4.528 support level. However, a break above the medium-term resistance at $5.52 could trigger a short-term rebound.
Analysis shows that the current trader sentiment is bearish, with increased selling activity and funding rates falling to negative values, indicating an increase in short positions. However, the Money Flow Index (MFI) shows an upward trend and this divergence could hint at a bullish signal, indicating that buying pressure may be increasing despite the price drop. If this trend continues, TIA’s price could see a reversal.
