- Celestia’s (TIA) price is expressing bullish momentum, having surged by 14% in the previous trading session.
- TIA indicators support to bullish reversal outlook.
Celestia (TIA) is experiencing some life after a long period of decline, as the bulls are trying to take over the token, as it skyrocketed 14% as per CoinMarketCap data. Altcoin has been moving within a clear-cut descending pattern over a few months, and the recent price movement indicates that a reversal is possible.
The existing price formation indicates that TIA is trading below the two important exponential moving averages, the 50-day EMA, and the 200-day EMA, which are at the levels of $1.903 and $3.215, respectively. This pattern shows that the asset is still in a bearish trend, but the recent bullish trend shows that the bulls are trying to break the 50-day EMA resistance line. A breakout above the $1.903 level would be a major turning point in the short-term trend and might pave the way to an additional upside.
The bullish story is starting to be supported by technical indicators. The RSI has increased to 49.71 and is on an upward trend since it was in oversold territory and is now getting closer to the neutral 50 mark. This momentum indicator indicates that buying pressure is accumulating, but has not yet indicated a clear bullish reversal.
The MACD histogram with green bars shows an increasing bullish momentum, and the golden cross on the MACD lines gives further evidence of the uptrend that is being formed.
What’s Next For Celestia (TIA) Price?
The basis of this possible recovery seems to be strong, as TIA has formed a foundation at the level of $1.344 support after several months of a drop. Several tests have been made in this support zone, and it is a vital floor that the bulls need to hold. The technical picture is further supported by the improving social sentiment, indicating that investors are becoming more confident in the future of Celestia.
The first important resistance that bulls will have to overcome is the immediate resistance at 1.903 (50-day EMA). A breakout above this mark may cause further buying pressure and may even drive TIA to the resistance of $3.215 (200-day EMA). On the other hand, failure to hold the $1.344 support may be an indication of more weakness and possible further falls.
The technical indicators are improving, there is support in place, and the social sentiment is also improving, which gives a cautiously optimistic picture of Celestia in the short term, but traders must keep an eye on the overall market situation, which may affect this rebound effort.
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