Where Things Stand Right Now
Ribbita by Virtuals (TIBBIR) just put up some impressive numbers—more than 33% gains in a single day. But before you get too excited, here’s the reality check: the broader technical picture is still pretty rough. Around 93% of technical indicators are flashing bearish signals right now, which tells you that most of the market’s measuring tools aren’t convinced this rally has legs yet.
The token is trading well below its major moving averages—both the 50-day and 200-day SMAs are sitting overhead like storm clouds. The RSI is hovering in neutral territory, though it’s edging toward oversold levels in some readings. That could mean we’re due for a breather before any real sustained move higher. Resistance has been building between $0.10 and $0.14, while support appears to hold in the $0.044 to $0.093 range. For context, TIBBIR hit an all-time high near $0.44 late last year, so there’s obviously a lot of ground to cover if it wants to reclaim those levels.
What the Charts Are Telling Us
The technical signals are all over the place right now. Short-term momentum indicators like the Stochastic Oscillator, Williams %R, and CCI are showing bullish strength, especially on LBank’s USD pair where several are hitting “Buy” or even “Overbought” territory. But zoom out a bit and the longer-term moving averages are still screaming “Sell”—the price is trading below MA100 and MA200, which means the trend hasn’t officially turned yet.
The MACD is still sitting below its signal line in most timeframes, confirming that downward pressure hasn’t fully lifted. Volatility remains high, which is a double-edged sword: it creates opportunity but also increases the risk of false breakouts that trap traders on the wrong side of a move.
The Inverse Head and Shoulders Pattern
Here’s where things get interesting. Analysts have spotted what looks like an inverse head and shoulders formation, with the neckline sitting somewhere around $0.085 depending on which chart you’re looking at. If TIBBIR can punch through that level on solid volume, it would be a legitimate bullish signal that could send the price toward $0.11 or even $0.12 in the near term.
But—and this is important—the pattern isn’t confirmed yet. Until we see a clean daily close above that neckline backed by strong buying volume, it’s just a potential setup, not a guarantee.
What Comes Next: Three Scenarios
If the bulls take control: A decisive break above $0.10-$0.11 would put $0.1359 firmly in play as the next resistance level. If momentum really builds and the macro environment cooperates, we could see a push toward $0.20. But that would require serious buyer participation and probably some positive news from the project itself.
If the bears reassert themselves: Failure to hold above the neckline resistance—especially with those long-term moving averages still acting as ceiling—could send TIBBIR back down to test support around $0.044 to $0.093. A clean break below $0.044 would be concerning and could lead to deeper consolidation. Even with oversold readings, recovery might take time without fresh catalysts like exchange listings or ecosystem developments.
Most likely scenario over the next month or two: Expect choppy trading between $0.09 and $0.15, with the real battle happening around that $0.10-$0.11 resistance zone and support defending the $0.08-$0.09 area. The key things to watch are whether the price can flip those moving averages from resistance to support, and whether any breakout attempts come with convincing volume.
How to Approach This as an Investor
If you’re conservative by nature, the smart play is waiting for confirmation: a close above the neckline and ideally above one or more of those longer-term moving averages before putting capital to work. For momentum traders willing to take on more risk, there might be opportunities if oversold indicators get stretched and show early reversal signals—but use tight stops just below support levels.
Bottom line: volatility is elevated and the technical setup is unconfirmed. Until we see cleaner price action, position sizing should be modest and risk management should be tight. A failed breakout could reverse gains quickly, so don’t get caught leaning too far in either direction without proper protection.
