Highlights
- The daily trading volume for Celestia increased by 31%.
- Celestia’s open interest (OI) increased by 10.14% in the last 24 hours.
- A break above the 50-day EMA ($6.3) may send TIA higher to $8.5.
Celestia price rallied with the entire market in the last 24 hours, recovering some of yesterday’s losses. TIA bulls took advantage of Bitcoin price retesting $55,000 to stage a rally that is currently facing heavy bear pressure. Fundamentally, Celestia continues to thrive, but on the charts, technical indicators show it may be an uphill task to return TIA to previous highs.
Celestia Price At Crossroads
The price of TIA increased by 9.3% in the last 24 hours to trade at $4.88. Despite bulls gathering to push the price higher, bearish forces have held the TIA price at a crucial zone on the chart.
The current trend for the TIA price is downward, as indicated by the declining price and moving averages. The recent candlestick shows a small green candle with increased volume, suggesting a potential short-term reversal.
The price of TIA has been in a consolidation zone for the last 42 days, and it is currently at the bottom of the range. The 50-day EMA is at $6.370, and the 200-day EMA is at $9.426. Both are above the current price, confirming the bearish trend.
Celestia price has support around $4.5, highlighted by the lower grey area, while an immediate resistance exists around $7.4, followed by the 50-day EMA at $6.370. There is a major resistance zone around $8 to $8.5.
The Relative Strength Index (RSI) is at 38.41, which is close to oversold territory but not quite there yet. This indicates the potential for a short-term bounce. The Chaikin Money Flow (CMF), which shows the sell or buy pressure on an asset, is at -0.10, indicating capital is flowing out of Celestia. It also signals the presence of selling pressure, although it’s not very strong.
If Celestia price breaks rises and breaks above the 50-day EMA, it may trigger further bullish sentiment in the market, invalidating the current bearish thesis and sending TIA higher to $8.5.
Bullish Catalysts for TIA Price
Data from Coinalyze shows Celestia’s open interest (OI) increased by 10.14% in the last 24 hours. Coupled with the recent price increase, it suggests that market participants are buying up TIA, which is bullish for the asset.
Additionally, data from CoinGecko shows the daily trading volume for TIA increased by 31%, indicating increased trading activity that, if sustained, may suggest a potential reversal.
Overall, the Celestia price trend is bearish, with the potential for a short-term bounce. Short-term traders can look for a breakout opportunity, while long-term traders should wait for a more definitive trend reversal above the 50-day EMA.
Frequently Asked Questions (FAQs)
1. What are the key support and resistance levels for Celestia?
2. What could trigger a bullish reversal for Celestia?
3. What is the overall outlook for Celestia's price?
- GameStop’s Revenue Boosted by $528M Bitcoin Stash, Reports Minimal Q2 Loss
- Metaplanet Stock Shoots 17% After $30M Investment from Bitcoin Treasury Firm
- SUI Developer, Law Firm Met US SEC Ahead of ETF Decision, Here’s Why
- Hong Kong’s QMMM Stock Soars 1,700% Following Crypto Treasury Plan
- Avalon Labs Burns A Massive 93.9 Million AVL Tokens As Part of ‘Buyback and Burn’ Plan
- Meme Coin Price Prediction: Shiba Inu, Pepe Coin, Dogecoin, TRUMP
- HYPE Price Eye $88 the Next as Lion Group’s Treasury Shifts to Hyperliquid
- XRP Price Prediction as Ripple Ecosystem Growth Meets Technical Strength—Is $10 Next?
- Cardano Price Prediction as Sept Fed 50bps Cut Odds Surge – Is $1.65 Next?
- Chainlink Price Prediction: Analyst Sees 48% Rally as Grayscale ETF Filing Ignites Hype