TIA/USDT: Testing Support After Extended Downtrend
$TIA

200 SMMA: The 200-period SMMA is positioned at 5.212, which is above the current price of 4.362. This level serves as a significant resistance, reflecting bearish sentiment as long as the price remains below it.

RSI (Relative Strength Index):

The RSI is at 49.45, indicating neutral momentum. This level suggests a balanced power between buyers and sellers, with no immediate directional bias.

MACD (Moving Average Convergence Divergence):

The MACD line is at 0.008, with the signal line at -0.057. The histogram shows weak bullish momentum, suggesting potential consolidation unless the MACD line rises further above the signal line.

Support and Resistance Levels:

Immediate Support: Around 4.343 (VWAP level), which could serve as a short-term base if the price pulls back.Key Resistance: The 5.212 level, aligned with the 200 SMMA, acts as a significant resistance point. A breakout above this level may indicate a trend reversal to the upside.

Bullish Scenario: If TIA/USDT breaks above the 5.212 resistance level, it could target the next resistance around 5.500, suggesting a potential bullish continuation.

Bearish Scenario: Failure to hold above the 4.343 support level may lead to further declines, with the next anticipated support around 4.000.

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions.