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- TIA’s 24-hour trading volume has increased by 36.16% to $214.86 million.
- The TIA price has risen by 29% over the past 3 days.
The Celestia (TIA) price has displayed a strong bearish trend and lost around 75% since February. TIA price has been falling through a descending channel. Amid this bearish sentiment, TIA has exceeded the 20-day EMA and heading toward the 200-day EMA.
The price has managed to defend September’s low, which could be a buildup for a bullish move. Celestial price has shown a push from a major support level of $4. Let’s explore how Celestia performs after the breakout from the channel.
Will the TIA Price Fly Soon?
In a 4-H time frame, the TIA price has witnessed buying pressure. It has departed from the key moving averages with a beautiful breakout. It might also approach the last swing high in a single push.
Captain Faibik is a crypto analyst who has a conviction for a strong breakout. The price has been falling through a descending channel since February on a 3-D time frame. It is wandering in a crucial zone of breakout.
$TIA Descending Channel Pattern is Still in play so Hold with the Patience.
— Captain Faibik (@CryptoFaibik) November 8, 2024
Expecting Breakout soon. #Crypto #TIA #TIAUSDT pic.twitter.com/8NpZQA1b7y
Strong buying momentum can be seen if the price triggers a breakout from this major channel. It is expected to record a new all-time high after a successful breakout.
Could TIA Price Smash Double Digit Ahead of 2025?
When writing, Celestia crypto was trading at $5.37, which remained neutral over the past 24 hours. Its market capitalization was $2.20 billion. Only 50% of its total supply was circulating in the market.
The technical chart structure suggests a pause on the bearish trend. Defending the key support level of $4 could initiate a bullish trend as the cryptocurrency market is bullish.
If the TIA price surpasses the $6.50 mark, it could be a buying signal. Here, buyers may show interest by seeing a 4-month breakout. Once the price starts trading over the 200-day EMA, strong buying momentum can be seen. It might gain the advantage of the bull phase.
On the other hand, if the Celestia price loses the 20-day EMA, it could melt to the key support level. Losing key support levels could be a strong bearish signal. The overall trend is bearish and a bearish signal could impact more.
Based on the technical indicators, the RSI has displayed a strong bullish divergence with the RSI-based moving average. The MACD and the Signal line are below the Zero line but have displayed a bullish crossover together. The histograms have just flipped to green, indicating buying pressure.
Celestia Price Analysis and Forecast
The TIA price is currently positioned in a critical breakout zone, showing potential for substantial TIA surges if it can maintain its support levels and leverage bullish market sentiment. A breach above the $6.50 mark could signal strong buying interest, especially following a four-month breakout pattern.
However, the risks remain, as falling below the 20-day EMA might trigger a return to previous lows. Technical indicators such as RSI and MACD hint at a potential bullish reversal, suggesting that if the momentum continues. TIA could experience notable upward movement.
Investors should closely monitor market developments as TIA aims for a turn in trends, possibly targeting double-digit prices before the end of 2025.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
