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- The Celestia token’s trading volume has decreased by 41.30% in the past 24 hours.
- The TIA price has surged by 63% in the past 6 days, showing bulls’ dominance.
On a wider time frame, the TIA price has performed negatively and has lost 57% since March. However, buyers have dominated in the short term and pushed the price by more than 60% in less than a week.
Since June, the Celestia price has dropped by 60% till the first week of July. The price has shaped a hammer candlestick at the bottom and reacted positively.
Celestia crypto was being traded at $7.01 at press time with an intraday gain of 2.74%. The market capitalization was $1.38 Billion, and the 24-hour trading volume was $151.11 Million at the time of writing.
Will the TIA Price Lose 10% Soon?
A source on X suggests that the Celestia crypto price is expected to dip 10%. In a 4-H time frame, the price may drop below the $6 mark ( in the green box as displayed in the image ) and might form a base. MACD has generated a death crossover in 4-H TF to support this bearish move.
$TIA: Would love to fill in the green box, staying patient for now pic.twitter.com/Czu6CEelcr
— Altcoin Sherpa (@AltcoinSherpa) July 10, 2024
In a 4-H time frame, the TIA price has been in a bullish trend. In the green box, buying pressure can be generated. A bounceback from this zone can be turned as a pullback and may surpass the last swing high.
Strong Buying on Its Way After Pullback?
$TIA
— Poseidon (@CryptoPoseidonn) July 10, 2024
Aggressive panic sellers below the range low will buy back above $12. Price needs more time but future is bright. pic.twitter.com/JEmbQWhYP4
According to a source on X, panic sellers below the range might plan to buy over the $12 mark. The TIA price has slipped below the $8 mark, and buyers have shown interest. This source suggests that the short-term fall can’t affect Celestia’s bright future.
Technical Indicators
TIA crypto price had surpassed the 20-day EMA and was heading for the 200-day EMA at the time of writing. MACD has developed a bullish crossover with the Signal line, and the histograms have turned deep green. The technical indicators are in favor of a bullish forecast.
TIA Price Overview Over 1-D Timeframe
During the bearish momentum, the TIA crypto price was stuck in a parallel channel for 3 months. It has triggered a breakdown from the channel and has declined by 50% in 17 days. However, the buyers have bounced back with strength, with a gain of 60% in less than a week.
The TIA price has surpassed the 20-day EMA and is heading for the 200-day EMA. If the price sustains the 20-day EMA and trading volume increases, buyers may be eyeing the $10 hurdle.
Based on the historical chart, the price has declined by forming lower lows and lower highs. At press time, the Celestia crypto price is at a lower high level. Sellers may seek a new lower low if the digital asset price develops a bearish candlestick at a lower high.
Reversal or Will Decline More?
The TIA price has been in a bearish trend while buyers are strong in the short term. After the breakdown from the parallel channel, the sellers dominated, but quick responses from the buyers were also seen.
The price has exceeded the 20-day EMA and is eyeing for double digits. Technical indicators suggest a bullish forecast.
Technical Levels
Celestia’s crypto price chart is expected to face resistance from the $8.30 and $12.00 levels. The price may take support at $5.00 and $2.50 mark.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
