- Celestia’s price is trading under bearish momentum, dropping around 9% in the past 24 hours, indicating bearishness.
- TIA’s price failed to break above the 50-EMA ($3.597) level and resumed its downtrend.
One of the leading altcoin, Celestia (TIA) trading in an interesting declining pattern. TIA struggles to move above the 50-day ($3.597) level exponential moving average.
Celestia has struggled this year, experiencing a 77.09% decline over the past year. In the last six months, it has dropped by 46.05%, while the past three months saw a 34.10% decrease. Over the last month, TIA has fallen another 15.19%, indicating a prolonged downtrend. This persistent bearish momentum suggests that sellers continue to dominate the market.
Technical indicators like oscillators indicate selling pressure in the TIA price. The moving averages are also on the strong sell side. This shows further bearish dominance in the market.
According to CMC data, the present value of Celestia is $3.245 and it witnessed an intraday drop of 9%. Moreover, its trading volume is continuously declining suggesting strong selling pressure. In the last 24 hours trading volume declined by 36.17%.
Will TIA Price Make A Comeback?
Currently, Celestia’s price is trading below the 50-day and 200-day exponential moving averages, which shows bearish momentum. Buyers have attempted several times to break the 50-EMA ($3.596) level but have not succeeded.
The Relative Strength Index (RSI) is declining from the bullish zone and has fallen below the 14-day Simple Moving Average (SMA) curve. Additionally, the RSI has dropped below the 50 level and is currently at 44.34, indicating weakening momentum. Meanwhile, the MACD is trading horizontally, suggesting a neutral market stance with no clear bullish or bearish dominance.
The current TIA price suggests negative momentum, as the altcoin price is trading in a bearish zone. Indicators are also suggesting bearish momentum and no signs of reversal now.
Currently, $3.596 and $4.181 are strong resistance levels for TIA prices. If the altcoin price breaks above these levels, it could witness a bullish rally. $2.750 is strong support for the TIA price. If the price breaks below this level could lead to further declines.
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