Ichimoku Analysis (4-hour chart)
Tenken-Sen- $14.42
Kijun-Sen- $13.36
TIAUSD was one of the best performers today.
Any daily close above $17.70 confirms further bullishness.
TIAUSD gained more than 22% in the past 24 hours with record volume at nearly $800 million. The demand for TIA tokens increased due to staking rewards. The native platforms yield between 15 to 17%. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $17.29 and is currently trading around $16.50.
The bullish invalidation can happen if the pair closes below $8.50. On the lower side, the near-term support is $14.50. Any break below targets $13.35/$12.50/$10. Significant downtrend if it breaks $5.
The immediate resistance stands at around $17.75. Any breach above confirms a minor pullback. A jump to $20/$23.50/$25 is possible. A surge past $26.50 will take it to $30.4.
It is good to buy on dips around $15.30 with SL around $14 for TP of $25.
