TIA Price Analysis: TIA price sparks bearish momentum

TIA price analysis shows a bearish trend below $5.

TIA has resistance at $6

TIA/USD has support at $4.47

TIA price analysis on October 10 confirms that TIA is facing bearish pressure around the $4.8 level. However, buyers are aiming for a quick breakout of the immediate resistance channel.

TIA Price Analysis 1-Day Chart: Bulls attempt to meet buying demand

Analyzing Celestia’s daily price chart, TIA’s price has seen a bearish bounce after sellers pushed the price to $4.5. TIA’s price has been trending steadily downwards over the past 24 hours as buyers lost confidence in the purchase, and the price is currently targeting a stay below $5. The 24-hour trading volume surged to $6.1 million, increasing interest in today’s trading activity. TIA’s price is currently trading at $4.8, down more than 1.1% over the past 24 hours.

The RSI-14 trendline has turned down from its previous levels and is currently hovering around 44 levels, suggesting that the bulls in the price chart are slowly losing momentum. The SMA-14 levels suggest a decline in volatility in the coming hours.

TIA/USD 4-hour price chart: Bulls aiming above moving averages

The 4-hour TIA price chart shows that TIA price continues to experience wild fluctuations in the $4-5 range, forming a negative sentiment on the price chart. As the price breaks below the EMA line, the bulls aim to strengthen their dominance.

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The BoP indicator is trading in the bearish zone of 0.1, which suggests that sellers are trying to build pressure near the resistance and drive a downside correction.

Moreover, the MACD trend line formed a red candle below the signal line and the indicator aims for negative momentum, thus strengthening the bearish positions.

What to expect next from TIA price analysis?

The hourly price chart confirms that the bears are struggling to prevent TIA price from surging immediately. However, if TIA price succeeds in breaking above $6, it could rise further and touch the $6.79 resistance level.

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If the bulls fail to spark a surge, TIA price might break below the immediate support at $4.47, resulting in a correction to $3.52.

Is TIA a good investment?

Celestia and modular Rollup enhance the performance and scalability of Ethereum, affecting the competition between L1 public chains. Public chains such as BNB Chain and Celo choose to integrate with Ethereum as L2 Rollup due to liquidity and cost advantages. Celestia's scalability and user-friendly design make it an ideal choice for developers, providing additional scalability for the blockchain ecosystem.