Can Celestia (TIA) Price Rebound Above Key Resistance Levels?
The price of Celestia (TIA) has fallen sharply, falling more than 15% in the past 24 hours and nearly 40% in the past 30 days. Its market capitalization currently stands at $2.2 billion, and the decline comes amid bearish signals dominating technical indicators, including a recently formed death cross, suggesting further losses are possible.
Although TIA held the above-mentioned key support level of $4.54, the overall market sentiment remained negative. A recovery would require a break above the $5.50 resistance, but current trends suggest sellers are firmly in control.
TIA downward trend is getting stronger
Average Directional Index (ADX) TIA It is currently at 35.2, up from 31.2 a day ago, indicating that the trend is strengthening. ADX measures the strength of a trend, whether bullish or bearish, on a scale from 0 to 100, with values above 25 indicating a strong trend and below 20 reflecting weak or lack of momentum.
The rise in ADX confirms that TIA’s current downward trend is intensifying, highlighting the increasing selling pressure in the market.
Directional indicators can provide further insight into the dynamics of a trend. +DI, which represents buying pressure, has fallen sharply from 22.2 to 11.3, reflecting a significant weakening of bullish momentum. Meanwhile, -DI, which indicates selling pressure, has surged from 14.3 to 33.3, indicating increasing bearish activity.
This combination of +DI falling and -DI rising confirms that sellers are firmly in control of the situation. This shows Celestia Price Unless buying interest picks up to offset the bearish momentum, downward pressure is likely to continue.
Ichimoku Cloud Shows Bearish Momentum for Celestia
The Ichimoku cloud shows TIA prices well below the cloud, indicating a strong downward trend. The red clouds (Senkou Span A and Senkou Span B) further reflect resistance above as their slopes are flat but still above the price, indicating that sentiment will not reverse immediately.
The blue line (Tenkan-sen) and the orange line (Kijun-sen) have diverged, with the blue line below the orange line, confirming the bearish momentum.
Additionally, the green Chikou Span is below the clouds and price, reinforcing the dominance of the downtrend and bearish sentiment in the current market setup. For any signs of recovery, TIA A return to the cloud will be required, which seems unlikely based on current indicators.
TIA Price Prediction: Will $4.10 be tested soon?
recently formed death cross Celestia This intensified the bearish momentum, causing the price to fall further. A death cross occurs when the short-term moving average moves below the longer-term moving average, signaling a possible shift to a longer-term downtrend.
This technical development suggests that bearish sentiment currently dominates, adding to downward pressure TIA price move.
Despite the bearish setup, TIA price The key support level of $4.54 remains. If this support is broken, the price could continue falling to $4.16, signaling a further pullback.
Conversely, if TIA manages to resume and establish an uptrend, the price may target the recent strong resistance at $5.50.
Disclaimer
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