Deep Dive
1. Technical Rebound (Bullish Impact)
Overview: TCOM's 14-day RSI hit 19.08 on January 28, deep in oversold territory (<30 typically signals exhaustion).
What this means: Such extreme readings often precede short-term bounces as selling pressure eases. This aligns with the 24h gain despite negative 7d (-1.72%) and 30d (-53.99%) trends.
What to look out for: Sustained RSI recovery above 30 would signal improving momentum.
2. Market-Wide Uptick (Neutral Impact)
Overview: The total cryptocurrency market cap rose 1.85% in 24 hours, lifting most assets amid improved sector sentiment.
What this means: TCOM benefited marginally from this macro tailwind but underperformed significantly (0.62% vs 1.85%), reflecting weak project-specific catalysts.
Conclusion
The uptick appears driven by technical factors and market-wide optimism, not project developments. For holders, this minor rebound in an entrenched downtrend warrants caution until stronger demand emerges.
Key watch: Can TCOM hold above $0.040 with RSI sustaining above 30?