$TIA saw buyers step up their activity during the session, with aggressive buying accounting for more than 64%, pushing the price briefly above the four-hour consolidation range’s upper boundary at $0.6158.
Alongside this upward test, spot trading volume for the period rose to $240,000, an increase of more than 50% over the previous average.
However, the spike failed to lead to sustained gains. After reaching a high, the price quickly reversed and fell back into its previous range.
Concentrated buying does not necessarily mean the price can hold at higher levels; resistance to the upward test sent the market back into its previous consolidation channel.
Alongside this upward test, spot trading volume for the period rose to $240,000, an increase of more than 50% over the previous average.
However, the spike failed to lead to sustained gains. After reaching a high, the price quickly reversed and fell back into its previous range.
Concentrated buying does not necessarily mean the price can hold at higher levels; resistance to the upward test sent the market back into its previous consolidation channel.