according to the website - By CFU
Celestia (TIA) is currently priced at $1.66, which is more than 9% lower than the high reached earlier in the day. The token has fallen below the recent breakout zone, which was around $1.74 and previously served as a key support level. This breakout signals a shift in short-term momentum, as selling pressure continues to rise.
At the time of writing, the price of TIA is below the 50-period simple moving average (SMA) and the 9-period exponential moving average (EMA), which are at $1.809 and $1.909 respectively. In the current correction, these indicators now act as resistance levels. Previously, the price of TIA rose from the accumulation zone of $1.36–$1.65 to a high of around $2.30. However, the recent 24% drop has negated a significant portion of that gain. Trading volume data shows that trading activity has picked up, especially during the sell-off, when the 24-hour volume reached $151 million. Most of this activity is concentrated in red candles, indicating a strengthening bearish sentiment. However, the lack of volume climax suggests that the correction may continue unless people start buying.
Key technical indicators show a market decline across multiple timeframes. Technical indicators point to a bearish short-term and medium-term position. The relative strength index (RSI) on the 5-minute chart is at 42.57, which is below the 50 level (neutral zone). It briefly entered the oversold zone, but this was not a sign of reversal, so buying pressure was minimal.
The MACD (moving average convergence divergence) on the same timeframe remains below zero, indicating the persistence of negative momentum. There is potential for a bullish crossover; however, this is not supported by significant volume, making it unreliable.
It is recommended to monitor support zones such as 1.66, which is currently being tested, and 1.63, the last low of the day. Falling below these levels could see the price drop to 1.60 or even lower. Resistance levels are at $1.70 and $1.75. A bounce slightly above $1.75 may be temporary; however, a return above $1.85 will be needed to change the trend.
