TNSR Attempts Recovery After Breaking Downtrend, Support At $0.1119 Key

TNSR has broken above a multi-month descending trendline but remains below the $0.1225 resistance zone.

Volume remains concentrated between $0.095 and $0.135, suggesting continued consolidation near major demand zones.

A 4-hour close below $0.095 could invalidate the current breakout attempt, with downside risks increasing.

TNSR (Tensor) has shown early signs of reversing its prolonged downtrend after a breakout attempt above a descending trendline stretching back to early March. The daily chart reflects a recent move above the downtrend resistance, though the current price of $0.1152 still trades below the key resistance zone at $0.1225.

TNSR Breaks Falling Wedge but Faces Resistance

The trendline connecting lower highs since March has now been breached for the first time in several months, indicating a potential shift in momentum. TNSR had been trapped in a falling wedge structure, consistently making lower highs and lower lows. This breakout, visible in both charts, represents a technical attempt to establish a bullish bias, albeit with caution.

Source: (X)

However, the follow-through has been modest. On July 4, the price briefly touched $0.1230 but retraced, closing lower by nearly 1.9%. As of July 5, the asset recovered slightly, gaining 2.03% intraday to $0.1152. Despite the bounce, the lack of strong volume and rejection near resistance suggests hesitation among buyers.

TNSR Hovers at Key Support as Bulls Eye $0.1225 Breakout

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.

Source: ( X )

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 price currently trades above the downtrend line, TNSR remains at a decision point. Consistent closes over $0.1225 can be seen as 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.