TAI has just broken out of a clean descending trendline after multiple rejections — a sign of renewed bullish momentum. The breakout occurred right above a key support zone (around $0.0725), which held perfectly after a brief shakeout below, triggering a bounce.Trendline Breakout: After forming a descending wedge, TAI broke out with strong volume.
Support Retest: Price held above $0.0725, confirming demand in this zone.
Targets:
TP1: $0.1022
TP2: $0.1378
TP3: $0.1984
Stop-loss placed just below the support zone (~$0.0634) to protect against fakeouts.
Summary:
TAI is showing signs of reversal from a mid-term downtrend, and this breakout could be the beginning of a new leg upward. If BTC remains steady, alts like TAI can see rapid catch-up rallies. Watch for volume confirmation and sustained price action above $0.085 for momentum to continue.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.