#tia
Current Price:
$2.783 (down -6.45% in 24h)
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Key Technical Insights:
1. Price Action:
The price recently hit a low near $2.146, rebounded strongly, and peaked at around $3.16 before falling back to the current level.
The recent red candle indicates selling pressure after a strong bullish move, suggesting a retracement or correction is underway.
2. RSI (Relative Strength Index):
RSI(6) = 41.715:
This shows the market is not oversold or overbought. It's in a neutral zone, leaning slightly bearish, indicating there could still be room for further decline unless buyers step in.
3. Volume & Market Sentiment:
24h volume in TIA: 12.86M, and USDT: 36.32M.
The order book shows 52.92% buying pressure vs. 47.08% selling, suggesting slight bullish interest, but not very strong.
4. Trend Overview:
7-day gain: +3.65%
30-day gain: +13.73%
90-day drop: -15.28%
180-day drop: -47.25%
1-year drop: -68.59%
This indicates a long-term bearish trend, with short-term recovery attempts.
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Conclusion:
Short-term: Likely to see sideways movement or minor recovery unless $2.68 support breaks.
Medium-term: Needs to hold above $2.68 and reclaim $3.00+ to continue bullish momentum.
Risk: Still high due to the long-term bearish trend.