TNSR suddenly strikes back! After holding 0.11888, the next stop is...

Recently, market sentiment has improved somewhat, especially as funds have once again focused on the NFT-related ecosystem. Tensor, as the leading NFT trading protocol in the Solana ecosystem, has seen its token TNSR receive an influx of funds, with trading volume significantly increasing. This indicates that 'smart money' is beginning to position itself in the NFT space, and if market enthusiasm continues, TNSR could easily capitalize on this momentum and experience a surge.

News:

Behind Tensor is the largest NFT trading market on Solana, and recently, the activity of NFT trades on the Solana chain has rebounded, coupled with ongoing expectations for ecosystem airdrops. Such protocol tokens are likely to become targets for short-term capital. Once there are project collaborations or platform activities launched, prices can easily be ignited.

Technical Analysis:

The current price of TNSR is 0.13219, having stabilized above the key level of 0.13230, indicating that bulls are starting to gain strength. The strong support below is at 0.11888; not breaking below this level means the trend is still intact. The recent resistance above is at 0.14780, and if it can break through with volume, it will open up upward potential. From the indicators, the MACD golden cross is beginning to appear, and the RSI is still in the mid-range, indicating potential for further upward movement.

Personal Opinion:

I believe this rebound is not over yet, but it won't go straight up. The main force will likely oscillate repeatedly between 0.132 and 0.138 to shake off weak hands while attracting more buy orders. Once there is enough buying support below, the real offensive will commence, targeting 0.14780 first. Remember, any rise without volume is just a trap, and sideways movement with volume is the true accumulation.

What should retail investors do?

Don't chase after every rise; it's easy to get stuck at short-term highs. If you're optimistic, you can gradually position yourself when it retraces to support, setting a stop-loss (for example, below 0.118). If you already hold a position, stay steady and don't get shaken out; as long as there's no significant volume drop below support, maintain your patience. Bull markets often have oscillations, while bear markets tend to spike quickly; understanding the rhythm is key to profiting.

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