TIA token rebounds strongly, market sentiment turns to greed, and may challenge the $12 mark in the future!
TIA surged 12% after retracing 80% from its all-time high at the end of February.
The Bitcoin Greed and Fear Index shows that the market is "greedy" at 70.
Celestia's price may continue to rise by 58% to $12.
Celestia price analysis shows that the price is expected to rise back to its all-time high after rising 12% to $7.29 in the last day. This rise comes after a retracement of 80% from the yearly high set in late February. Celestia price has formed an interesting market structure and is expected to rebound to $12. Can TIA succeed?
Celestia Price Analysis: TIA Bulls Eye Rise 58% to $12
Since February, the price of TIA has been steadily falling, setting new highs and lows. The 50-day and 200-day simple moving averages (SMAs) acted as resistance in early July, falling to $4.41 before the trend began to reverse. TIA has formed a one-month inverted head and shoulders pattern from which it could surge to $12. Celestia price analysis also shows an ascending triangle confirming the previous bullish bias.
On the way up, TIA price could face resistance at $10 (200-day SMA), $14, and $16. Conversely, a break below this level could invalidate these chart patterns and find lower support levels around $5.9, $4.7, and $4.
If you can’t find your way around the cryptocurrency circle and don’t know what coin to buy, find me on Cooking, and share more information and strategies related to the cryptocurrency circle for free.
Technical indicators show mixed price action for Celestia. Volume analysis shows that as the price rises, the volume is decreasing. This divergence between volume and price is a bearish sign, indicating that TIA’s price may need to adjust.
