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The Celestia token appears in the second spot on today’s daily crypto movers list. However, bulls still seem a bit suppressed, causing the market to print a modest recovery. Will upside forces shake off the downward pressure? Let’s examine the market to find out.
TIA Statistics:
Current Celestia Value: $11.47
TIA Market Cap: $2.1B
Celestia Circulating Supply: 187.29M TIA
TIA Total Supply: 1.05B TIA
Celestia CoinMarketCap Rank: 55
Key Price Levels:
Resistance: $12.00, $14.00, and $16.00
Support: $10.00, $8.50, and $6.00
TIA Prints Modest Profits
As mentioned above, the Celestia token saw a modest recovery from downward corrections. The mentioned downward correction occurred in the previous session. Subsequently, today’s trading activity resulted in a moderate recovery from the previous decline.
The market currently trades between the 50 and 100-day Exponential Moving Average (EMA) lines. Meanwhile, the Stochastic Relative Strength Index (SRSI) indicator lines are in the overbought region but have a downward bearing after delivering a bearish crossover there. However, the market remains bullish and will likely continue growing stronger.
The Celestia Token Market Is Resiliently Staying on a Bullish Path
The TIA market on a 4-hour time frame has revealed that upside forces are trying to stay in the fight. A new session has begun, and buyers maintain a significant impact on price movement. However, one can see an upper shadow on the last price candle on this chart, appearing at the close of the previous session.
In this market time frame, we can see that price action is above all the EMA lines. This shows that upside forces have what it takes to stage a considerable upside correction at this point. The SRSI has delivered a crossover in the oversold region. This may supply more momentum to the market, making bullish crypto signals useful, and causing the market to approach psychological resistance at the $12.00 mark.
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