What Does TIA Price Structure Highlight on the Daily Chart?

22 июл.

According to Tradingview, it (TIA/USD-Coinbase) was 225% higher than its all-time low price. The low was at $2.217, registered on November 3rd, 2023.

Likewise, the all-time high was registered on February 9th, 2024, when the price peaked at $21.140. Comparatively, from the ATH level, the price as of press time was nearly 65% down.

Thus, the entire price performance led to two key zones: a demand zone at $6 and a supply zone at $21.

Furthermore, the Celestia price analysis reveals a potential bullish path back to an all-time high price after it recorded 15% gains.

Meanwhile, TIA price has formed two interesting market structures that promise a rally to $12 in the short term and $21 in the long term. One was a head and shoulders pattern for anticipated gains up to $12, and the second was a falling wedge pattern for an anticipated 3x rally up to ATH.

Looking at indicators, the price has moved past the 50-day EMA band and is headed for the 200-day EMA. correspondingly, the MACD showcased growth potential, as the histogram stands at 0.196, and the RSI flashed at 59.36.

Therefore, the resistance for a major rally lies between $12 and $14. The supports that bears could have an eye on are $6 and 4.5, respectively.