TIA technical analysis

Celestia (TIA) has been sustaining above the moving averages for the past few days, showing that bulls are attempting to initiate a new rally.

The moving averages have completed a bullish cross and the RSI is in positive territory, signaling that buyers have the advantage. Buyers will have to push the price above the $12.02-$12.90 zone to indicate the start of a new rally. The TIA/USDT pair could rise to $15.50 and then $18.50.

If the buyers fail to push the price above the upper zone, this shows that the sellers are operating at higher levels. A break below the moving averages could keep the pair in range for a while longer.

The 4-hour chart shows that the pair turned down from resistance near $11.60 and reached the 20 EMA. A strong rebound from the 20 EMA would indicate demand at lower levels. The pair could then rise to the overhead resistance at $12.02.

Instead, if the price continues to fall below the 20 EMA, this will signal that bullish momentum is weakening. The pair could then drop to the 50 SMA, which is likely to act as strong support.