Why $TIA may drop to $4.55 as bearish ‘death cross’ appears - AMBCrypto Analytics
Since early July, TIA has been oscillating within a consolidation channel, and it recently reacted sharply to the channel’s resistance line. Facing significant selling pressure, TIA’s price has dropped by 6.53% daily, with the potential to fall further. If the bearish momentum persists, TIA may reach its support level at $4.528, where it could stabilize temporarily. However, a deeper decline towards its September low of $3.722 is possible if sellers continue dominating the market.
A bearish signal has emerged as the blue MACD line crossed below the orange signal line, indicating weakening momentum. TIA is also moving away from the upper Bollinger Band, signaling that the price is transitioning from an overbought to a potential oversold condition, which may trigger further downside. Market participants should watch closely for continued pressure toward the $4.55 support region, as bearish momentum is likely to persist in the near term.