$TIA price movement analysis - AMBCrypto Analytics

As of now, TIA is entrenched in a month-long consolidation channel, a pattern that has been consistent since July. Recently, the asset encountered resistance at the channel's upper boundary, leading to a decline over the past two days. This bearish momentum raises concerns about a further drop, potentially targeting the support level of $4.528.

Conversely, if TIA can reach the mid-term resistance at $5.52, where significant liquidity is concentrated, it may ignite a short-term rally before the downtrend resumes. AMBCrypto’s analysis underscores that trader sentiment is leaning towards a sustained decline, with expectations for TIA to trend lower from its current price of $5.895.

However, there is a silver lining. The Money Flow Index (MFI) indicates a potential upward shift. Currently, the MFI is trending upwards, despite TIA's price decline. This divergence could signal increasing buying pressure or accumulation, suggesting that a reversal may be on the horizon for TIA's price action.