TST recently experienced a sharp rally followed by a correction. Currently, the price is around 0.01565, just below the 7-hour and 25-hour moving averages( at 0.0157 and 0.0159), but still firmly above the 99-hour moving average( 0.0144) — this level looks a bit ambiguous, but overall it carries a cautious bullish tone.
If it can decisively recover the 0.016-0.017 range, especially breaking through the recent high of 0.01698, it could then surge toward 0.018-0.020. The current support is around 0.015-0.0145, with a lower swing point at 0.01282, which would be more stable.
Regarding trading volume, it's quite interesting — the volume during the previous sharp rise was very strong, but it has now fallen back to a moderate level. To continue bullish, a new wave of volume is needed to support it, and the price must confidently stay above the short-term moving averages, ideally breaking through the 0.017 region. Without volume, breakouts tend to be illusory.
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0xSherlock
· 12-20 18:45
If the volume doesn't keep up, it's just a false alarm. This wave depends on whether we can hold steady at 0.017 to be meaningful.
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LayerHopper
· 12-20 18:40
I never believe in breakthroughs without enough volume; the previous surge was just a false high, and now the correction is normal.
TST recently experienced a sharp rally followed by a correction. Currently, the price is around 0.01565, just below the 7-hour and 25-hour moving averages( at 0.0157 and 0.0159), but still firmly above the 99-hour moving average( 0.0144) — this level looks a bit ambiguous, but overall it carries a cautious bullish tone.
If it can decisively recover the 0.016-0.017 range, especially breaking through the recent high of 0.01698, it could then surge toward 0.018-0.020. The current support is around 0.015-0.0145, with a lower swing point at 0.01282, which would be more stable.
Regarding trading volume, it's quite interesting — the volume during the previous sharp rise was very strong, but it has now fallen back to a moderate level. To continue bullish, a new wave of volume is needed to support it, and the price must confidently stay above the short-term moving averages, ideally breaking through the 0.017 region. Without volume, breakouts tend to be illusory.