Celestia $TIA endured a turbulent week as intense selling pressure dragged the price below critical support levels, including the $3 mark and the 50-day Simple Moving Average (SMA).
The week began on a bullish note, with TIA surging over 11% on Friday and another 10% on Saturday to break past the $3 barrier and close at $3.34. However, bullish momentum fizzled on Sunday. The token dipped over 4%, closing at $3.20 after briefly touching an intraday low at that level.
Monday brought increased volatility. TIA spiked to $3.36 but quickly reversed, dropping to $3.01 before settling at $3.16 a 1.16% decline. By Tuesday, the pressure intensified, dragging the token to $2.96. A quick rebound followed, pushing TIA up nearly 5% to close the day at $3.31.
Midweek, the tides turned definitively bearish. TIA plunged nearly 8% on Wednesday, closing at $3.05, followed by a brutal 10% drop on Thursday to $2.76 slipping below the 20-day SMA and losing the $3 psychological level. The bearish momentum continued Friday, with a 3.27% decline pushing TIA beneath the 50-day SMA to $2.66.
The weekend brought no relief. Saturday saw another 3.41% drop to $2.57. However, a modest Sunday recovery gave bulls a glimmer of hope, as TIA rebounded over 5% to reclaim $2.71 and move above the 50-day SMA again.
Despite this brief bounce, Monday resumed the bearish narrative. TIA dropped to a low of $2.51 before settling at $2.64. As of the latest session, the token is down nearly 2%, hovering around $2.59.
With TIA trapped below key resistance levels and struggling to maintain momentum, traders are watching closely to see if bulls can mount a sustainable recovery or if another leg downward is on the horizon.
