Yigit Taha OZTURK 
TIA, one of the prominent assets in the cryptocurrency market, saw a sharp decline of approximately 22% after breaking the rising trendline on the 4-hour chart. Following this steep drop, TIA is currently trading around $2.94, moving within critical levels in the short term.
In the recent hours, TIA rebounded from the $2.63 support level with buying pressure, gaining strong upward momentum and climbing to the $2.97 resistance level. This level stands out as a crucial resistance area from the current trend perspective. If the price manages to hold above $2.97, the Fair Value Gap (FVG) zone in the upper region may come into focus. Should this area be surpassed, the next resistance point at $3.31 could be targeted.
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However, if selling pressure increases at the $2.97 resistance and the price fails to break through, the price may revisit the $2.63 support level initially. If this support is lost, the decline could extend further towards $2.35.
The current market structure indicates important support and resistance zones that investors should pay attention to in the short term. It is crucial for investors to closely monitor price movements at the $2.97 resistance and any potential reactions at the $2.63 support.
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