Celestia’s token is again among the top gainers today as the TIA price pumped 11.04% and is now trading at $4.53. Its trading volume also saw a massive 142.22% pump, meaning people are actively buying this token.
Crypto analysis platform Altfins shared a report stating that TIA has shown signs of a potential bullish reversal despite an overall downward trend. This development has sparked interest in the token’s short-term price movements.
Celestia Technical Analysis: Signaling Possible Reversal
The altFINS analysis indicates that TIA’s price action has broken out of a falling wedge pattern, a technical formation often associated with trend reversals.
This breakout suggests the possibility of a temporary bullish shift, with analysts projecting a potential 25% upside to the $5.00 resistance level. However, the report cautions that this setup carries increased risk, as it goes against the prevailing downtrend.
Image Source: Altfins
This report notes a stop loss of $3.60. It also discusses breakout trading and risk management as factors traders must consider in such market conditions.
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Show more +Show less – Market Trends and Momentum
This analysis mentioned that while the short-term outlook shows signs of improvement, the broader trend for TIA remains bearish.
Celestia is experiencing downward pressure across multiple timeframes, with strong downtrends observed in both medium and long-term perspectives.
The RSI indicates that TIA is currently neither overbought nor oversold. This neutral momentum reading suggests that the token may have room for movement in either direction, depending on market forces and trader sentiment.
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Celestia (TIA) Price Levels to Watch
This analysis identified TIA’s price action and notable support and resistance levels for investors to maintain. The nearest support zone is located at $4.00, which could act as a floor for the token’s price if selling pressure intensifies.
Finally, on the upside, the report highlights two key resistance levels: $5.00 and $6.00. These price points may present challenges for bulls looking to push TIA higher, as they often attract increased selling activity. Market participants will likely watch these levels closely for signs of strength or weakness in the token’s price action.
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