The asset has slipped to $1.65, marking a 6.3% daily decline and over 9% loss on the week. With a market capitalization of just above $1.2 billion, TIA now ranks as the 70th largest cryptocurrency.
Van de Poppe highlighted that the rejection at $2.16 was a typical profit-taking event but left the token struggling to regain momentum. He outlined two potential scenarios for TIA going forward.
In the first, a higher low could be established, paving the way for another attempt to challenge resistance. In the second, a double bottom pattern may emerge, potentially sparking renewed buyer interest and increased volume to drive a breakout.
Despite the recent downturn, Van de Poppe suggested that the market might still be in an accumulation phase, with lows being formed before a possible recovery. He emphasized that altcoins, including TIA, could see stronger performance once broader market conditions stabilize.
For now, TIA continues to trade in a bearish range, with traders closely monitoring whether it can hold above its current levels or risks another retest of lower support zones.
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