đ Celestia (TIA) Drops Below $4 â Can It Rebound? đ
Celestia, a pioneer in modular blockchain architecture, has seen its price fall over 80% since February. Despite impressive technical developments, including 1-gigabyte blocks and supporting 40% of network data through âblobs,â market sentiment remains bearish.
đ Key Technical Analysis:
đRSI at 36: Near oversold territory, but weak buying pressure.
đFear & Greed Index at 23: Extreme fear, signaling caution.
đSMA & EMA: Both in sustained downtrends, reflecting ongoing bearish sentiment.
đMACD: Below the signal line, indicating continued downward momentum.
đAwesome Oscillator (AO): Negative, suggesting weak market strength.
Despite these signals, Celestia continues to push forward with key innovations. Upcoming developments, like the Lemongrass release, could provide opportunities for growth. But for now, investors should remain cautious as the market continues to show bearish pressure.
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