TIA breaks above critical descending resistance; potential rally toward $10.08 if it sustains above $6.00.
RSI of 60.93 signals moderate bullish momentum; MACD crossover supports a positive trend shift.
Failure to hold above $6.00 risks a drop to $4.00, with potential further decline toward $3.00 if key support breaks.
CoinSignals recently analyzed the TIA/USDT pair, revealing a potential bullish breakout after a prolonged downtrend. TIA had been experiencing a steep decline since early 2024, dropping from $26.00 to a low around $3.00.Â
However, a recent shift in momentum has had renewed interest, with TIA trading at $5.98, up by 12.57% at press time. This uptick suggests a possible trend reversal, with TIA breaking above a critical descending resistance line, indicating a potential move upward.
Momentum Shift and Key Levels to Watch
Following the price drop, TIA entered a consolidation phase between $4.00 and $7.00, showing indecision in the market. Recently, it broke above the descending resistance, a bullish move suggesting buyers are gaining control.Â
If the price holds above $6.00, a potential rally toward $10.08 could be on the horizon. However, failure to sustain above $6.00 may lead to a retest of support at $4.00. Breaking below this could push the price toward $3.00 again.
Key Indicators Point Toward Bullishness
The Relative Strength Index (RSI) currently stands at 60.93, suggesting moderate bullish momentum. This level indicates that while the asset isn't yet overbought, further gains could occur if buying power continues.Â
Source: TradingView
In addition, the Moving Average Convergence Divergence (MACD) indicates positive momentum, with the MACD line above the signal line, further strengthening the bullish outlook. Increased trading volume supports this recent upward movement, reflecting rising interest in TIA.
Future Price Movement and Resistance Levels
Currently, TIA faces resistance around $7.00. If the price can break through, the next significant level to watch will be $10.08, a psychological barrier. Beyond that, the long-term outlook shows potential upward movement toward $15.00 and $20.00. On the downside, any drop below $4.00 could signal a return to lower levels, including $3.00 or below.
