Tern Price: TERN Finds a Base, Following a Significant Gap Downward

PUBLISHED: May 10 2025 @ 21:25 | Comments (0) | More info about Azeez Mustapha

Since several sessions prior to last December, Tern Plc (LSE:TERN) has exhibited a sustained downward trajectory, falling from around 1.8 to approximately 1.4, under the dual influence of position accumulation and profit-taking behavior.

The recent appearance of a sharp gap down—occurring at lower liquidity levels—has pushed the price toward the 1.0 threshold, where it now appears to be consolidating. This stabilization above a psychologically significant level may signal early base formation, suggesting that while the prevailing sentiment remains cautious, any sustained hold above 1.0 could attract speculative interest or trigger technical re-entry from sidelined participants.

Resistance Levels: 1.4, 1.6, 1.8
Support Levels: 1, 0.8, 0.6

Do the emerging bullish candlesticks near the EMA convergence support renewed buyer accumulation?

It is now gradually becoming clearer that purchasers are liable to recoup catalysts around 1.20, leaving 1 trade line as an ideal underlying critical support zone for the Tern Plc stockholders to hold back into the business, given that the stock market finds a base, following a significant gap downward from the point of 1.4 in the recent activities.

Tern Plc (LSE:TERN) has been in a sustained decline from ~1.8 to 1.4 since before last December, driven by position accumulation and profit-taking. Price has recently stabilized above the 1.0 level after a sharp gap down, suggesting a potential base. The 15-day EMA is beginning to curve upward below the 50-day EMA, signaling early bullish intent. Both averages are converging near 1.2, marking a critical decision zone for either trend reversal or continued downside. Stochastic oscillators are turning sharply upward, nearing overbought territory and reflecting growing bullish momentum with caution.

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