TIA Price DIsplayed Breakout, But Could It Continue Strong?
In Q1 2024, TIA experienced impressive gains of over 810% on the daily chart. However, a supply zone created by profit-taking led to a significant sell-off, forming a declining wedge pattern. The price has been confined within this narrowing range for 215 days.
By Q3, specifically in September, TIA found strong support at $3.884, a level it has consistently held since July. This month, increased bullish activity has broken through the upper boundary of the falling wedge.
If bullish interest continues and achieves a change of character (ChoCh) above $8.0 and the 200-day EMA band, a parabolic recovery could occur. Key resistance levels to watch are $7.966 and $11.798.
However, if TIA fails to surpass the 200-day EMA hurdle, it may continue to move sideways, and the upcoming token unlocks could push the price lower. Breaching this critical support zone could risk TIA falling to new lows.
TIA2USD trade ideas
the bullish interest revives, then a parabolic recovery can comeTIA Price sits at a key support
Over the daily chart, the price showed more than 800% gains by the second week of 2024. However, the supply zone developed by strong profit bookers displayed a strong sell-off which led to the creation of a declining wedge. The price, as of writing has spent its 215 days in this narrowing range.
However, TIA has also formed strong support at $3.884, a level it has failed to break since July. If the bullish interest revives, then a parabolic recovery could pop out, which could show a successful bullish pattern breakout, precisely the falling wedge.
If so, then the resistance levels to watch for lie at $7.96 and $11.79, respectively. However, if the price deflects back from the upper border to the lower border. Then, as a result, TIA crypto might be at risk of falling to a record low if it breaches this critical support level.
Celestia's Rally Falters: Can It Recover or Will Losses Mount?Celestia's Rally Falters: Can It Recover or Will Losses Mount?
Meta Description: Celestia experienced a 10.3% loss this week, erasing the gains in the initial sessions.
Celestia price has been following a strong bearish trend for the last six months wiping out over 70% of its value.
At the time of writing, Celestia was trading close to $5.05, recording a negative intraday development of 1.88%.
Celestia price failed to capitalize over the gains in the early sessions of this week and has dropped wiping out the gains in the later sessions of this week. Looking overall, Celestia scored a 10.3% loss this week.
Celestia had a strong performance from November to February 2024. However, TIA price reversed in the later weeks of February and since then it has been on a major downtrend. The price has dropped nearly 71% in the last six months.
At the time of writing, Celestia was exchanging hands close to $5.05 incurring a 1.88% loss in intraday. Let's analyze whether TIA could head for gains in the next week or continue to plunge more.
Social Metrics In A Declining Trend: What’s Next?
As per the data obtained from a financial website app.santiment.net, the social metrics like social volume and social dominance curves were observed to be on a declining trend. The declining social metrics indicates the waning interest of the investors.
Source: app.santiment.net
The social metrics includes users and activity over social media platforms like X (Formerly twitter), Telegram and other platforms. A negative trajectory highlights the decreasing activity over the social media platforms and declining users participation.
Source: app.santiment.net
Moreover, the derivatives analysis showcases that the Open interest contracts had noted a positive flow in the earlier two weeks. However, this week the OI data recorded an outflow of nearly 27 Million accounting for nearly 25%. The drop in OI data indicates liquidation of the positions on the long side.
Can Celestia Stabilize Now Or Plunge More?
As per the technical charts, Celestia started strong this week and added few gains showing the intention of a recovery. However, the buying momentum was short lived and the price turned around in the later sessions of this week.
TIA price suffered rejection from the 50 day Exponential moving average and slumped, erasing the gains and further widening the losses. As of now, Celestia was down over 1.88% a day and 10% a week.
The short term as well as long term trend outlook is bearish which may keep draining the price. On the lower side, the $4.47 level may act as a demand which if breached may add more to the worse possibly dragging the price towards the $4 level.
At the time of writing, the RSI line was placed close to 44.5 points and that of the 14 day SMA line was at 45.22 points. Both the lines were showcasing a bearish crossover indicating a bearish control in the short term.
Celestia experienced a 10.3% loss this week, erasing the gains in the initial sessions. After a strong performance from November to February 2024, TIA has been in a major downturn since late February, dropping nearly 71% in six months. Declining social metrics from platforms like X and Telegram indicate waning investor interest. Derivatives analysis shows a recent outflow of $27 million in open interest, suggesting long position liquidations.
Furthermore, the technical charts reveal a short-lived recovery attempt, with TIA facing rejection at the 50-day EMA and continuing its decline. Both short-term and long-term trends are bearish, with potential further drops if the $4.47 support level is breached.
Indicators Overview & Forecast In TIA
The Celestia price analysis reveals a potential bullish path back to an all-time high price, contingent on bull's interest.
The 50-day EMA band and the 200-day EMA bands acted as hurdles, and the price approached to test them. Correspondingly, the MACD showcased growth potential via a bullish cross, as the histogram stands at 0.026, and the RSI flashed at 48.90 after jumping from 14-SMA.
Therefore, the resistance for a major rally lies between $7.96 and $11.79. The supports that bears could have an eye on are $4.32 and 2.21, respectively.
What Does TIA Price Structure Highlight on the Daily Chart?
According to Tradingview, it (TIA/USD-Coinbase) was 225% higher than its all-time low price. The low was at $2.217, registered on November 3rd, 2023.
Likewise, the all-time high was registered on February 9th, 2024, when the price peaked at $21.140. Comparatively, from the ATH level, the price as of press time was nearly 65% down.
Thus, the entire price performance led to two key zones: a demand zone at $6 and a supply zone at $21.
Furthermore, the Celestia price analysis reveals a potential bullish path back to an all-time high price after it recorded 15% gains.
Meanwhile, TIA price has formed two interesting market structures that promise a rally to $12 in the short term and $21 in the long term. One was a head and shoulders pattern for anticipated gains up to $12, and the second was a falling wedge pattern for an anticipated 3x rally up to ATH.
Looking at indicators, the price has moved past the 50-day EMA band and is headed for the 200-day EMA. correspondingly, the MACD showcased growth potential, as the histogram stands at 0.196, and the RSI flashed at 59.36.
Therefore, the resistance for a major rally lies between $12 and $14. The supports that bears could have an eye on are $6 and 4.5, respectively.
Celestia (TIA)Celestia (TIA)
Celestia (TIA) is a pioneering modular blockchain network that allows users to effortlessly launch their own blockchains with minimal effort. By fundamentally redesigning blockchain architecture, It achieves scalability and efficiency.
Celestia (TIA) price continued to decline despite its popularity among the investors. The daily chart highlights that the TIA price has been struggling to gain grounds after hitting fresh highs in mid February.
Earlier TIA price had been in an uptrend however the price reversed after suffering from $20 level in February and couldn't have managed to find a ground. TIA started off this week on a bullish note, however, the bears made a comeback in the later sessions and the price suffered.
At the time of writing, TIA was trading close to $6.15 losing nearly 0.9% a day and over 6.40% a week. It has a market capitalization of $1.21 Billion and ranks 67th in the cryptoverse.
Social Sentiments On The Rise As Celestia Price Bounces 15% A DaSocial Sentiments On The Rise As Celestia Price Bounces 15% A Day
Celestia's price took A U-turn and bounced back 15% a day.
The social sentiment curve has registered a positive growth indicating the rising participation of the users.
Celestia price took a rebound from multi month lows and made a strong bounce back erasing nearly 15% of the recent losses in Intraday. The price got the buyers back from a lower $4 level support and surged higher.
At the time of writing, Celestia was exchanging hands close to $5.91, recording an impressive positive intraday development of 15%. The recovery in the broader market reestablished confidence among the investors.
The intraday recovery has to stay long in order to make a bullish trend shift in the price. Moreover, there has been a significant development in the social metrics curve which reveals a possible comeback by the bulls.
Furthermore, the transaction volume has surged by nearly 175% to $167 Million a day indicating a heightened demand. The live market capitalization reached to $1.18 Billion ranking it at 63rd in the cryptoverse.
Investors Reaffirm Their Belief in Celestia
The recent sessions have observed a recovery after a sharp comeback. However, the recovery is gaining more strength as TIA investors are again showing up their confidence.
Adding more to the Investors confidence, there has been a significant development in the social metrics curve. A recent on chain data study reveals that there has been a healthy growth in the social dominance and social volume curves.
Social dominance and social volume curves reveal the amount of traction celestia could gain from various social media platforms like Twitter, telegram and other popular social media applications.
Can Celestia Continue To Recover Or Suffer Again
A strong recovery in intraday reveals the bulls intention to keep Celestia price higher and erase the recent losses. However, it requires continuous efforts from the buyers until the price reclaims a bullish territory.
Applying Fibonacci tool from the recent high ($12) to recent low ($4) reveals the price has surpassed the 0.23 level of Fibonacci and may easily rise till the $8 to $9 level which is the golden zone.
Now, if the bulls are strong enough to surpass the golden zone of Fibonacci it may indicate a bullish reversal. On the contrary if the sellers establish their presence near the golden zone, the price may show decline towards the recent swing low.
The technical indicators are leaving a mixed reaction about the current trend. On one side the RSI line has improved from the oversold region. Whereas, the key EMAs still point towards a bearish trend prevailing.
Can Celestia Mark A Reversal?
Celestia price has rebounded from multi-month lows, surging 15% from a recent support level of $4. This uptick reflects an improved sentiment in the broader market and renewed investors confidence. Moreover, A bullish trend shift hinges on sustained recovery, bolstered by positive social metrics indicating a potential bull comeback.
Furthermore, The price has crossed the 0.23 Fibonacci retracement level, hinting at a possible rise to the $8-$9 'golden zone'. A breakthrough here could signal a bullish reversal, while resistance might lead to a retest of recent lows.
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.
Can Celestia Bounce Back From The Support?Can Celestia Bounce Back From The Support?
Celestia, which is a modular blockchain platform, offers the unique ability to create personalized blockchains with ease. TIA stands out by separating the execution process from consensus, thanks to its innovative approach to data availability sampling.
In the previous week Celestia crypto noted a breakout of a declining parallel channel, signaling a potential end to the correction phase. Despite this positive development, the asset struggled to break through the resistance level of $12 mark, subsequently retreating towards the support level near the $9.
Looking ahead, if the market sentiment turns bullish around the recent support of $9 and triggers a price rebound, it may result in a short term bullish reversal, potentially leading to gains for the TIA crypto. It has a live market capitalization of $1.73 billion and ranks 59th in the cryptocurrency world.
Celestia Crypto (TIA) Eyes $7 Target as Trading Volume RecedesCeCelestia Crypto (TIA) Eyes $7 Target as Trading Volume Recedes
Bearish trend persists in TIA crypto, with the price crumbling through the key $10 threshold.
TIA cryptocurrency sees scant trading activity, casting doubt on any near-term trend reversal prospects.
The broader market correction has significantly affected Celestia's value. In contrast, TIA's crypto, which had been on a downward trajectory since mid-February, is now at risk of falling through its support levels. The general market downturn has exacerbated this trend, intensifying the negative impact.
Since mid-February, Celestia's cryptocurrency has seen a decline of more than 57% from its annual peak. The crypto has been extending losses, creating a notable pattern. Let's have a closer look using various data to identify whether the upcoming sessions will widen the losses or a recovery is going to initiate.
Low Volume Inflow Indicates More Downfall Ahead?
Celestia's cryptocurrency has recently fallen under the crucial $10 level, signaling a persistent bearish trend. Despite efforts to maintain the $10 support, diminished trading volumes led to a decline below this key mark.
Volume metrics indicate a significant drop, hitting a two-month low. According to CoinMarketCap, the daily trading volume was recorded at $35.488 million, a sharp 56.21% decrease from the day before. Furthermore, the volume-to-market cap ratio stood at 2.22%, indicating a period of reduced volatility.
Technical Indicators Imply A Trend Continuation.
The daily chart indicates that the price is fluctuating within a descending Parallel channel pattern, with the top and bottom lines serving as resistance and support, hinting at a downward correction trend.
Now, As long as the cryptocurrency remains within this channel, it's likely to persist in its downward correction. However, a consistent breakout from this pattern could signal a change in direction, potentially leading to a recovery of recent losses.
On the higher side, if a breakout occurs, $12.5 and $15 could become targets for profit-taking. Conversely, if the decline continues, $9.09 and $7.07 could provide support levels.
Conclusion.
Celestia's crypto has plunged over 57% from its yearly high amid a market downturn, breaching the pivotal $10 mark and signaling a bearish trend. Moreover, Trading volumes have dwindled, hitting a two-month low, with a significant daily volume drop and a low volume-to-market cap ratio, suggesting limited volatility.
Currently, The price is trapped in a descending channel. Now, if it breaks out, recovery towards $12.5 or $15 is possible, but a continued fall could see support at $9.09 or $7.07. The market's direction hinges on whether it can exit this channel.