- The Celestia crypto price has declined by 20% in a month.
- The TIA price has been struggling between $15 and $20 for the last few weeks.
The Celestia (TIA) price has been in a bullish trend for the last few months and recorded an all-time high of $21.14 on February 10, 2024. It has gained 546% since November and is struggling between the $15 and $20 mark. For the last few weeks, the TIA price has been facing resistance from the 20-day exponential moving average and performing negatively.
The Celestia price was bullish in January and approached the $20 mark. It could not sustain and dropped by 25% in just 10 days. The price attempted again in February and reached the $20 hurdle but the result was the same. It witnessed a fall of 25% in a few weeks.
According to the technical indicators, the RSI is at 35, and moving around the RSI-based moving average, indicating neutral momentum. The Celestia crypto price is trading below the $20-day moving average, showcasing the sellers’ interest.
Celestia Cryptocurrency Analysis: Price vs Volume
The price vs volume graph of the Celestia crypto shows that the price has declined for the last few days but trading volume has remained constant. Based on this data, the TIA price may rebound for the upcoming trading sessions.
Technical Analysis of Celestia Price
At the time of writing, the Celestia crypto price is trading at $16.11 with an intraday gain of 0.37%. The market capitalization is $2.73 billion and it ranks 48th in the cryptocurrency market in terms of the market cap. The 24-hour trading volume of the crypto is $161.50 million.
Based on the technical chart, the TIA price is struggling in a parallel channel. Currently, the price has dropped to the support level of $15 and shows rejection from that level.
If the price rises and surpasses the $20-day exponential moving average and sustains, it may easily approach the resistance level of $20. However, if the buyers remain strong, they may lift the price to a new all-time high.
On the other hand, if the TIA price fails to defend the support level of $15 and sustains, investors may prefer top book profit and selling pressure can be observed. However, if the price slips below the $12 mark, it may convert the previous gains into losses.
TIA Price Technical Analysis on 4-H Timeframe
In a 4-H time frame, the TIA crypto price faced rejection from the $16.60 hurdle. It has declined by 10% in just a few hours.
According to the chart, it has taken support on the $15 mark and is trying to bounce back. If the price rises to the resistance level of $16.60 and surpasses it, it may rise to the $20 mark.
If it slips below the support level of $15, sellers may dominate and drag down the price to the $11.70 mark.
Conclusion
The TIA crypto price has been on a bullish trend and has faced resistance from the $20 mark. The price showed a profit booking, declining by 23.96% from its all-time high. It has been struggling in a parallel channel for the last few weeks, and the sellers seem stronger as the price has accumulated to the support level of $15.
Technical Levels
Resistance: $20.00 & $17.60
Support: $15.00 & $11.70
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.