📈 TIA/USDT Weekly Analysis:
Approaching Long Term Resistance
TIA/USDT has been in a prolonged downtrend since its high at 21.1415. The weekly chart shows a clean descending trendline that’s been capping every bounce for months. Price bottomed at 0.2330 and has been grinding higher since, now trading around 0.4710.
What stands out is that price is now testing that multi month descending trendline again. This level has acted as resistance on every touch, so it’s the key line in the sand for the market structure. A weekly close above it would mark the first higher high on the weekly timeframe and suggest the downtrend is breaking.
If buyers can push through and hold above the trendline, the next targets are the horizontal levels at 3.7874 and 8.3873. Those are areas where supply was heavy during the drop down. On the other hand, if the trendline rejects price again, we’re likely to see a retest of the 0.2330 low. The market has been making higher lows since that bottom, so momentum is slowly shifting, but confirmation only comes with a breakout.
Volume and weekly close will be critical here. This is one of those make or break moments where TIA either starts building a base for reversal or continues rolling over.
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