The price of Alien Worlds (TLM) has struggled to break out of a range recently with few bullish signs against Tether (USDT).
Alien worlds could be set for a major rally after narrowly holding above key support as other crypto assets continue to trend higher.
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Alien Worlds (TLM) Price Analysis On The Weekly Chart
Weekly Chart Analysis For TLM Price | Source: TLMUSDT On Tradingview.com
From the chart, the price of TLM saw a weekly low of $0.02, which bounced from that area and rallied to a price of $0.0313.
The price has struggled to build more momentum as it faces resistance at $0.031.
If the price of TLM on the weekly chart continues with this structure, it could quickly revisit $0.02 acting as a good support area for buy bids.
Weekly resistance for the price of TLM – $0.0313.
Weekly support for the price of TLM – $0.02.
Price Analysis Of Alien Worlds On The Daily (1D) Chart
Daily Chart Analysis For TLM Price | Source: TLMUSDT On Tradingview.com
The price of TLM found strong support at $0.021, with what seems to be an area of interest on the daily chart.
TLM bounced from its support and has rallied as it faces resistance at $0.032. The price of TLM has continued to range in a channel, breaking out of this channel could send the price of TLM to $0.04 where it will face a major resistance before trending higher in price.
At the point of writing, the price of TLM is at $0.032, above the 50 Exponential Moving Average (EMA) which corresponds to $0.03. TLM holding above the 50 EMA on a high timeframe is good for market recovery and for price to trend higher.
TLM needs to hold above this support area that corresponds with the 50 EMA, a break below this region could send the price of TLM to $0.022
The Relative Strength Index (RSI) for the price of TLM on the daily chart is above 50, indicating healthy buy bids for TLM.
Daily (1D) resistance for TLM price – $0.032, 0.04.
Daily (1D) support for TLM price – $0.022.
Price Analysis OF TLM On The Four-Hourly (4H) Chart
Four-Hourly Chart Analysis For TLM Price | Source: TLMUSDT On Tradingview.com
The price of TLM is having a hard time breaking out the ranging channel, where it faces resistance at $0.032.
On the low timeframe, the price of TLM has remained strong above the 50 and 200 EMA which corresponds to the prices of $0.032 and $0.03 acting as support for TLM prices.
If TLM fails to hold these supports due to a sell-off we could see the price of TLM in the region of $0.25.
Four-Hourly (4H) resistance for TLM price – $0.4.
Four-Hourly (4H) support for TLM price – $0.032, $0.03.
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Featured image from BeInCrypto, Charts from TradingView.com