TIA has had an impressive run in recent times, rising more than 20% from the $5,000 price range to an all-time high of $6,910. However, is this rally sustainable?
TIA is in a long-term uptrend, confirmed by a series of higher highs and higher lows.
The nearest resistance level is the $6,910 zone (old peak).
The nearest support levels are at $5,978, $5.5 and $5,000.
RSI is in the overbought zone, indicating that the bullish momentum is strong. However, it is also important to note that RSI has been in the overbought zone for a long time, indicating the possibility of a short-term downside correction. MACD is also showing a negative divergence signal, indicating that the bullish momentum is weakening.
Short-term: TIA may correct lower in the short term to relieve overbought pressure. The $5,978 support zone may be an attractive buying point.
Medium term: If TIA holds the $5,978 support zone, the upside momentum could continue, heading towards the next targets of $6,553, $6,689.
Long Term: TIA's long-term trend remains dependent on many factors, including project development, general market sentiment, and government regulations.
#Write2Win #BinanceTurns7 #TopCoinsJune2024 #MarketDownturn #tia
