Celestia Faces Bearish Market Sentiment Amid Recent Declines

Celestia (TIA) has experienced a significant downturn, with its price falling by 5.56% against the US Dollar in the last 24 hours. The cryptocurrency also recorded a 6.16% loss against Bitcoin and a 6.35% loss against Ethereum. Currently trading at $4.45, Celestia is 24.12% below its predicted value for November 8, 2024.

Over the past month, Celestia has dropped by 12.93%, indicating a bearish medium-term trend. Despite an 83.02% increase over the past year, the recent performance suggests a challenging period ahead. The Fear & Greed index stands at 69 (Greed), signaling potential overvaluation in the market.

Technical analysis reveals that 20 out of 27 indicators are bearish, reinforcing the negative sentiment. Key support levels are at $4.58, $4.48, and $4.42, while resistance levels are at $4.75, $4.82, and $4.92. Investors should remain cautious as the market outlook remains uncertain.