Celestia’s (TIA) price has shown signs of a potential breakout, with technical analysis pointing to an upcoming move in either direction.
CryptoJobs, a well-known analyst, shared his recent views on Celestia’s (TIA) price action. He suggested that the price may consolidate further before any substantial rally occurs.
With the current bearish sentiment on lower timeframes, the analyst emphasized the importance of key support levels in determining TIA’s next move.
Price Consolidation Before a Potential Rally
According to CryptoJobs, TIA’s price hovers between the $5.30 to $5.00 range, signaling a consolidation phase. This aligns with his prediction of a possible retest before a new upward surge.
The H4 (4-hour) TIA chart highlights bearish sentiment, but the analyst remains cautiously optimistic as long as the price holds above $4.95, which could signal the start of a bullish trend. If TIA maintains this support, a 60% price surge remains possible.
Image Source: X/CryptoJobs
Furthermore, the H1 Celestia chart shows the price bouncing between resistance and support levels, with the key Fibonacci levels acting as guides.
Should the TIA price break above the $5.31 zone, it could begin pushing toward higher resistance levels. However, if the support at $5.00 fails to hold, the price could revisit the lower support around $4.52, as outlined by CryptoJobs.
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Show more +Show less – Key Levels to Watch For Celestia (TIA)
One of the major takeaways from CryptoJobs’ analysis is the importance of the $4.95 support level. Bulls may intervene and drive the price toward the next target if it remains above this level.
Furthermore, with the 0.5 level serving as a critical pivot point, the Fibonacci retracement levels are also essential for predicting the subsequent move. Should the price remain above this level, it may spark renewed interest in the TIA price.
On the weekly Celestia (TIA) chart, the analyst identifies the potential for a final retest before any significant upward movement, aligning with his $8 target in the longer term. The price action reflects the possibility of a steady climb, provided it doesn’t breach critical support levels.
Image Source: X/CryptoJobs
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Risk Management and Strategy
While CryptoJobs maintains a bullish outlook for TIA, he also advises caution. In his tweet, he encourages traders to avoid high-leverage positions, as the market remains uncertain. With the daily view in a neutral zone, he suggests waiting for clearer signs before making any high-risk moves.
Traders should watch for any sharp moves below $4.95, which could shift the market sentiment towards a more bearish scenario. In the short term, the consolidation phase could continue, but key support levels will play a pivotal role in determining TIA’s future trajectory.
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The post Celestia (TIA) Could Spike 60% if Price Closes Above Key Support This Week: Here’s the Outlook appeared first on CaptainAltcoin.
