Celestia Price Dropped 14%, Will It Bounce Back?
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- TIA consolidated around $2.50 after 70% decline from $9.00 November highs.
- Critical support zone between $2.20-$2 has been held through multiple tests.
Celestia (TIA) is still struggling with technical difficulties as the cryptocurrency remains in a narrow trading range, at about $2.75. The daily chart shows that the TIA began a downtrend after hitting its peak of $9.00 in November 2024 and has since dropped by 70%.
The TIA price chart suggests that TIA has built a key support area between $2.20, where sellers have tried many times to break in recent sessions. A fall below this range might indicate that the market is heading toward the $2.00 psychological support.
Alternatively, the first resistance is seen at $4.18, which is where the previous consolidation areas and the 50-day exponential moving average are located. As per CMC data, currently TIA is trading at $2.586 with an intraday drop of 14, suggesting bearishness.
What’s Next for Tia Price
The 50-day EMA is trading just above the price, forming a bearish signal, and the 200-day EMA is resisting the price at $3.98. Since the November highs, the downward trendline has kept any major upside attempts in check, forming a resistance that has stopped rallies during the consolidation period.
The current sideways trading of price is reflected by the mixed signals given by momentum indicators. The MACD histogram is close to zero which means there is little conviction in the market’s direction.
The MACD lines are still below zero and coming closer together, so a change in momentum might happen if volume rises with any breakout. The RSI oscillator is at 50.86 and is in neutral territory, yet it is showing a small divergence from recent low prices.
Social sentiment analysis shows that the market is not very enthusiastic about TIA, as readings are below the neutral mark. The negative sentiment supports the technical signs which suggest there are not many bullish reasons coming up shortly.
Traders should keep an eye on the $2.20 support, because a clear break could lead to fast selling down to $2.00. A lasting move above $3.00 and rising volume could mean the market is recovering and aiming for $4.18 as its next resistance level. Until further notice, TIA is stuck in its current consolidation zone.
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