[Celestia Price Rise: What Happens Next? 】
The price of the Celestia (TIA) cryptocurrency is up more than 6% in the past 24 hours, reversing a two-day losing streak. TIA price has been in a falling wedge pattern, with $4 being an important support level, and the coin has tested this level three times and found support. While the market structure still favors the bears, the day's gains show hope for the bulls.
More than 174 million tokens will be unlocked on October 31, which may affect market circulation and dilute the value of tokens. TIA price has fallen by more than 60% in the past three months as bulls attempt to break above the $5 resistance.
At press time, TIA was trading at $4.24, with trading volume growing by more than 60%. Technical indicators are pointing to weak momentum, with the MACD starting to show green bars and the RSI line remaining below 50, indicating a lack of buying momentum. Derivatives data shows bullish sentiment is high, with near-term support at $4.20 and $3.80, and resistance at $5 and $5.30.
