$TIA The most out-of-place figure on the chart isn’t the 97% drawdown from ATH, but the high-volume bullish candle on October 17: the price climbed to $0.687 as volume surged to $264M. After that, the price held around $0.61 while volume steadily contracted to $88M, then barely recovered to $114M. A steady price on declining volume might look like selling pressure has dried up, but I’d rather read it as capital repricing TIA in the $0.60–$0.62 range.
A 45.17% gain over 30 days, against the backdrop of a drop from $20.85, is neither exciting nor confirmation. It has simply taken TIA from “nobody wants it” to “some people are starting to take a look.” The real question is whether this bounce is a brief oversold recovery or the first round of accumulation in a bottoming zone.
If it’s the former, you’d need to see volume keep shrinking to below $80M and the price slide back toward $0.55. In that case, the 45% gain would be nothing more than a technical correction during a lull in short-selling. If it’s the latter, the $0.60 level needs to be tested repeatedly without breaking. Then, one day, the price would need to reclaim $0.66 on rising volume, with volume breaking back above $150M—that’s when the rally would deserve to be called a trend.
At $0.61, the price is still far below ATH, but only 30 days removed from the start of this rally. The chart is telling you that buyers are stepping in, but not yet in numbers large enough to chase the price. Which explanation do you lean toward? I’ve laid out the indicators to watch; the price action can answer the rest.
A 45.17% gain over 30 days, against the backdrop of a drop from $20.85, is neither exciting nor confirmation. It has simply taken TIA from “nobody wants it” to “some people are starting to take a look.” The real question is whether this bounce is a brief oversold recovery or the first round of accumulation in a bottoming zone.
If it’s the former, you’d need to see volume keep shrinking to below $80M and the price slide back toward $0.55. In that case, the 45% gain would be nothing more than a technical correction during a lull in short-selling. If it’s the latter, the $0.60 level needs to be tested repeatedly without breaking. Then, one day, the price would need to reclaim $0.66 on rising volume, with volume breaking back above $150M—that’s when the rally would deserve to be called a trend.
At $0.61, the price is still far below ATH, but only 30 days removed from the start of this rally. The chart is telling you that buyers are stepping in, but not yet in numbers large enough to chase the price. Which explanation do you lean toward? I’ve laid out the indicators to watch; the price action can answer the rest.