TIP\/USD two-hour chart | Tradingview<\/figcaption><\/figure>\nBased on the technical outlook as depicted by the Relative Strength Index (RSI) which measures the strength of an asset’s trend – either up or down, a correction is imminent. Soon after the RSI entered the overbought region above 70, traders started to sell, increasing the chances of a trend reversal.<\/p>\n
The Moving Average Convergence Divergence (MACD) indicator reinforces the bearish outlook. While traders sought exposure to TIP as the blue MACD line crossed above the red signal line, they were likely to close positions if the opposite happened. In other words, traders will be inclined to sell if the blue MACD line flips below the red signal line.<\/p>\n
Recovery from the current position might be a pipe dream, with the 100 Exponential Moving Average (EMA) pressing down on TIP at $0.0003855. Therefore, investors might have to consider another sweep through lower support areas, for instance, the 50 EMA at $0.0003.<\/p>\n
After collecting more liquidity, bulls can begin to build momentum for another attack at $0.00045, determining if the Tip price continues above $0.001 to the all-time high at $0.0012.<\/p>\n
About Tip<\/h2>\n
Tip is a new crypto project seeking to be “the future of social interaction” by allowing its community to reward friends and creators “without leaving the comfort of Twitter\/X.” The idea behind Tip is that social interactions are dynamic, and people need to be able to tip content creators, artists, and even influencers directly for the value they provide to their audience.<\/p>\n
The Tip Coin believes it has the potential to achieve that and more by promoting the use of a crypto token designed specifically for instant micropayments.<\/p>\n