TNSR Cryptocurrency Breaks Downtrend, Gains 2.03%

TNSR, the cryptocurrency, has recently shown signs of recovery after breaking a multi-month downtrend. The asset has moved above a descending trendline that has been in place since early March, indicating a potential shift in momentum. However, the price of $0.1152 still trades below the key resistance zone at $0.1225, suggesting that the recovery is not yet confirmed.

The breakout from the falling wedge structure, which had been trapping TNSR in a pattern of lower highs and lower lows, represents a technical attempt to establish a bullish bias. However, the follow-through has been modest, with the price briefly touching $0.1230 on July 4 before retracing and closing lower by nearly 1.9%. As of July 5, the asset recovered slightly, gaining 2.03% intraday to $0.1152. The lack of strong volume and rejection near resistance suggests hesitation among buyers.

Volume profile data shows that the most traded range remains between $0.095 and $0.135, forming a heavy zone of historical interest. A critical support now lies at $0.1119, just above the lower boundary of this volume cluster. A 4-hour candle close below $0.095 would invalidate the bullish structure and likely trigger further downside. The resistance level at $0.1225 coincides with previous consolidation and failed attempts, making it a key level for bulls to reclaim for confirmation of trend reversal.

While the price currently trades above the downtrend line, TNSR remains at a decision point. Consistent closes over $0.1225 can be seen as a broadening rebound, but failure in holding above the $0.1119-$0.1150 region can expose the asset to further distress. Traders will be watching closely for confirmation of trend continuation or breakdown in the coming sessions.