Celestia’s native token,
$TIA , has registered a sharp 8.9% decline over the past 24 hours, now trading at $1.82. The pullback follows a firm rejection from the key resistance zone between $1.93 and $2.03, signaling a breakdown in short-term market structure and raising concerns over weakening bullish momentum.
Market Snapshot
24-Hour Price Change: -8.9%
Current Price: $1.82
Session Low: $1.77
Resistance Zone: $1.93 – $2.03
Technical Structure: Trading below the 50, 100, and 200 EMAs (4H chart)
Trendline Rejection: Confirmed rejection from long-term descending diagonal dating back to January 2025
Technical Overview
1. Short-Term Structure Breakdown
On the 4-hour chart,
$TIA was unable to sustain momentum above the critical $1.93–$2.03 resistance zone—a previously supportive area during earlier sessions. The asset failed a retest and subsequently lost ground, breaking below key technical levels:
Rejected the upper resistance band on retest
Dropped beneath the 50 EMA and 100 EMA
Pierced through the 200 EMA (at $1.877) before finding tentative support
The breakdown confirms the loss of bullish control in the near term, following the invalidation of the consolidation range observed between July 13 and July 23.
2. Daily Rejection from Long-Term Descending Trendline
On the daily timeframe,
$TIA ’s rejection gains added significance as it aligns with a descending trendline that has capped price action since January 2025. This trendline intersects near $2.03, reinforcing the technical weight of the recent rejection.
Notably, the failed breakout attempt in late July triggered a steep 10.2% single-session decline on July 23, further validating the prevailing downtrend and underscoring the resistance strength at this confluence point.
Support and Resistance Levels
Immediate Support: $1.77
This level has attracted buyer interest on both the 4-hour and daily charts and coincides closely with the 200 EMA, adding to its technical relevance. A decisive move below this threshold could open the door to further downside toward $1.60, last visited in early July.
Key Resistance: $1.93 – $2.03
This range remains a critical supply zone. Unless reclaimed, it will likely serve as a strong ceiling against any near-term bullish reversal.
Market Sentiment and Momentum Analysis
The recent sell-off has triggered liquidation events, including a reported 15% loss from a trader who exited on the invalidation of the short-term bullish setup. Additionally, volume is declining, indicating reduced conviction among buyers and suggesting that bearish pressure may continue to dominate.
Outlook
$TIA currently trades in a fragile technical position, having failed a key breakout and lost support of multiple exponential moving averages. The rejection from a long-standing descending trendline further affirms the continuation of the broader downtrend.
The immediate focus will be on the token’s ability to:
Hold above the $1.77 support level
Maintain technical footing near the 200 EMA
Reattempt a break above the $1.93–$2.03 resistance zone
Unless strong buying activity returns, the path of least resistance appears tilted to the downside, with a potential retest of the $1.60 support area on the horizon.
Recommendation for Traders:
Monitor volume trends, price action near $1.77, and any credible attempt to reclaim the $1.93–$2.03 zone before considering new positions. Market remains reactive and cautious in the near term.
#TIA #TIA🔥🔥🔥 #CryptoWatchMay2024