The chart depicts a candlestick analysis for the TIA/USDT trading pair on the 1-hour timeframe, displayed on **TradingView**. The price is hovering around **4.53** after a recent downtrend, showing signs of possible support near the green horizontal zone, between **4.44** and **4.53**. The price bounced after touching this support zone. The **200-period moving average** (red line) indicates longer-term support near **4.30**. Volume appears to have spiked near the support level, hinting at a potential price reaction. The **Relative Strength Index (RSI)** at the bottom is nearing oversold conditions, suggesting a possible reversal soon.
The chart appears **bearish** in the short term. Here are the key points suggesting a bearish sentiment:
Downtrend
The price has been steadily falling after reaching a recent peak.
Testing Support
The price is near a support zone between **4.44** and **4.53**. If it breaks below this, the bearish trend may continue.
Lower Highs
The price is forming lower highs, a typical characteristic of a downtrend.
RSI
Although nearing oversold levels, which may hint at a possible rebound, the momentum still appears bearish for now.
A reversal could occur if the support holds and buying pressure increases.
#TIAUSDT. #NeiroOnBinance #BinanceLaunchpoolHMSTR #FTXSolanaRedemption #FTXSolanaRedemption #GrayscaleXRPTrust $BTC