the bullish interest revives, then a parabolic recovery can come
TIA Price sits at a key support
Over the daily chart, the price showed more than 800% gains by the second week of 2024. However, the supply zone developed by strong profit bookers displayed a strong sell-off which led to the creation of a declining wedge. The price, as of writing has spent its 215 days in this narrowing range.
However, TIA has also formed strong support at $3.884, a level it has failed to break since July. If the bullish interest revives, then a parabolic recovery could pop out, which could show a successful bullish pattern breakout, precisely the falling wedge.
If so, then the resistance levels to watch for lie at $7.96 and $11.79, respectively. However, if the price deflects back from the upper border to the lower border. Then, as a result, TIA crypto might be at risk of falling to a record low if it breaches this critical support level.
Over the daily chart, the price showed more than 800% gains by the second week of 2024. However, the supply zone developed by strong profit bookers displayed a strong sell-off which led to the creation of a declining wedge. The price, as of writing has spent its 215 days in this narrowing range.
However, TIA has also formed strong support at $3.884, a level it has failed to break since July. If the bullish interest revives, then a parabolic recovery could pop out, which could show a successful bullish pattern breakout, precisely the falling wedge.
If so, then the resistance levels to watch for lie at $7.96 and $11.79, respectively. However, if the price deflects back from the upper border to the lower border. Then, as a result, TIA crypto might be at risk of falling to a record low if it breaches this critical support level.
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