$TLM Analysis – Bullish Momentum Gaining Strength
Current Price: $0.01790 (+8.62%)
24h High: $0.01817 | 24h Low: $0.01607
24h Volume: 560.95M TLM (~$9.55M USDT)
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Technical Overview:
Short-Term Trend: The price has broken above key moving averages, suggesting strong upward momentum:
MA(7): $0.01736
MA(25): $0.01698
MA(99): $0.01690
Resistance Levels:
Immediate Resistance: $0.01817 (24h High)
Next Target: $0.01950 – $0.02000
Support Levels:
Immediate Support: $0.01764
Strong Support Zone: $0.01650 – $0.01690
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Volume & Market Strength:
24h Volume ($TLM ): 560.95M (significant increase)
The surge in volume suggests growing buying pressure, with volume outpacing the MA(5) (16.6M) and MA(10) (11.5M).
Market sentiment shows strength as TLM trades above all major moving averages.
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Target Outlook:
Short-Term Target: $0.01950
Mid-Term Target: $0.02000 – $0.02200
If TLM holds above $0.01764 support and continues strong volume, further gains are likely.
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Conclusion:
$TLM is showing a bullish breakout with strong volume backing. Traders should watch the resistance at $0.01817 and a potential move toward $0.02000 if momentum sustains. Keep an eye on support at $0.01764 for risk management.
DYOR and trade safely.
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