Celestia Crypto Surrenders Below $5: Key levels to Watch Now?
Celestia Crypto Surrenders Below $5: Key levels to Watch Now?
Celestia Crypto Crashed Below a psychological level of $5 in intraday today.
The weighted sentiment curve has dropped below the zero line indicating a bearish sentiment in domination.
At the time of writing, Celestia crypto was exchanging hands near $7.49, indicating a significant intraday fall of 8.17%.
Celestia crypto lost major support of $5 and crashed today in conjunction with the broader market's fall. The bulls surrendered after a short struggle near the $6 and the price resumed lower indicating a bearish continuation.
By the time of writing, the TIA token had slumped nearly 8.17% and was exchanging hands close to $4.79 level. The live market capitalization of TIA has suffered below $1 Billion to $949 Million.
Celestia claims to be the first modular blockchain which allows anyone to deploy their own blockchain with minimum overhead. It has a total supply of 1.053 Billion tokens out of which 194.96 Million tokens are currently in circulation.
Weighted Sentiment Curve Turned Bearish
Alongwith the price crash in the recent sessions, there has been a significant development in the weighted sentiment curve. As per the data obtained by an on-chain analytics website, the bullish sentiments have faded away due to which the weighted sentiment curve has dropped below the zero line indicating a bearish domination.
Moreover, the weighted sentiment curve serves as a barometer for the collective mood of investors and traders, indicating whether optimism (bulls) or pessimism (bears) is prevailing. A positive weighted sentiment signifies a bullish outlook, while a negative one reflects a bearish stance within the cryptocurrency market.
TIA Crypto Price Action Analysis
TIA crypto has been under a strong selling pressure which is evident after the price crashed below the recent psychological level of $5 level. The price hovers well below all the key EMAs of 20, 50 and 200 days indicating a bearish continuation.
Now if the bearish momentum resumes, the TIA price may continue to lose in the short term towards the $4 and $2.8 support levels. A short term surge may turn out as a sell on rise opportunity for the bears.
At the time of writing, the RSI line was placed at 25.30 points and that of the 14 day SMA line was placed at 29.08 points. Both the RSI and SMA line points to an oversold scenario. Moreover, a bearish crossover was observed adding more to the worse.
Conclusion.
Celestia (TIA) token has fallen below the crucial $5 support level indicating weakness on the charts. With the recent fall, the price has dropped to $4.79, with a market cap at $949 million. Moreover, the weighted sentiment curve has dropped below the zero line indicating a shift to bearish bias in the crypto.
The TIA price has fallen below all the key EMAs, suggesting a bearish trend may persist. Now, If the downturn continues, TIA could drop to next support levels of $4 and $2.8.
The RSI and SMA indicate an oversold condition. Also, a bearish crossover hints at potential further declines. A short term price rise may again turn out as a sell on rise opportunity for the bears.
Celestia Crypto Crashed Below a psychological level of $5 in intraday today.
The weighted sentiment curve has dropped below the zero line indicating a bearish sentiment in domination.
At the time of writing, Celestia crypto was exchanging hands near $7.49, indicating a significant intraday fall of 8.17%.
Celestia crypto lost major support of $5 and crashed today in conjunction with the broader market's fall. The bulls surrendered after a short struggle near the $6 and the price resumed lower indicating a bearish continuation.
By the time of writing, the TIA token had slumped nearly 8.17% and was exchanging hands close to $4.79 level. The live market capitalization of TIA has suffered below $1 Billion to $949 Million.
Celestia claims to be the first modular blockchain which allows anyone to deploy their own blockchain with minimum overhead. It has a total supply of 1.053 Billion tokens out of which 194.96 Million tokens are currently in circulation.
Weighted Sentiment Curve Turned Bearish
Alongwith the price crash in the recent sessions, there has been a significant development in the weighted sentiment curve. As per the data obtained by an on-chain analytics website, the bullish sentiments have faded away due to which the weighted sentiment curve has dropped below the zero line indicating a bearish domination.
Moreover, the weighted sentiment curve serves as a barometer for the collective mood of investors and traders, indicating whether optimism (bulls) or pessimism (bears) is prevailing. A positive weighted sentiment signifies a bullish outlook, while a negative one reflects a bearish stance within the cryptocurrency market.
TIA Crypto Price Action Analysis
TIA crypto has been under a strong selling pressure which is evident after the price crashed below the recent psychological level of $5 level. The price hovers well below all the key EMAs of 20, 50 and 200 days indicating a bearish continuation.
Now if the bearish momentum resumes, the TIA price may continue to lose in the short term towards the $4 and $2.8 support levels. A short term surge may turn out as a sell on rise opportunity for the bears.
At the time of writing, the RSI line was placed at 25.30 points and that of the 14 day SMA line was placed at 29.08 points. Both the RSI and SMA line points to an oversold scenario. Moreover, a bearish crossover was observed adding more to the worse.
Conclusion.
Celestia (TIA) token has fallen below the crucial $5 support level indicating weakness on the charts. With the recent fall, the price has dropped to $4.79, with a market cap at $949 million. Moreover, the weighted sentiment curve has dropped below the zero line indicating a shift to bearish bias in the crypto.
The TIA price has fallen below all the key EMAs, suggesting a bearish trend may persist. Now, If the downturn continues, TIA could drop to next support levels of $4 and $2.8.
The RSI and SMA indicate an oversold condition. Also, a bearish crossover hints at potential further declines. A short term price rise may again turn out as a sell on rise opportunity for the bears.