Although the Celestia token has claimed the second spot on today’s list of top crypto movers, the market seems to have only seen minimal gains. The token has increased by 3.20%, yet its price action can largely be observed trading at a five-month-old support level.
Celestia Statistics:
TIA Price: $4.602
Celestia Capitalization: $1.85B
TIA Circulating Supply: 400.81M
Celestia Total Supply: 1.08B
TIA CoinMarketCap Rank: 45
Key Price Levels:
Resistance: $5.00, $6.00, $7.00
Support: $4.500, $4.00, $3.500
Celestia Looks Vulnerable
Price activity in the daily TIA market shows a minimal upside rebound from the $4.551 support level. As a result, price action remains below all the Moving Average (MA) curves. The Stochastic RSI lines are deeply situated in the oversold region, revealing that upward momentum is quite vulnerable and suggesting that the recorded minimal gains could easily be reversed.
This implies that a downward retracement may continue through the $4.551 support level. This outlook is reinforced by the activity of the 20- and 50-day MA lines, which are converging for a crossover above the current price action.
TIA/USDT Market Appears to Succumb to Downward Pressure
Extending the Celestia price analysis to a 4-hour chart, it seems downward forces are preparing to drive the market even lower. Initially, the market recorded a minimal upside rebound from the $4.551 support level, but the ongoing session appears bearish.
Additionally, the Stochastic RSI indicator lines have now turned bearish just at the 40 mark of the indicator. Like the daily chart, price action on the 4-hour chart remains below all MA lines. This alignment supports the inference that price movement may proceed downward. Therefore, traders might consider staying bearish on this market, using crypto signals targeting around the $4.400 price.
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