1. Current Price Movement
Current Price: TIA is trading at around $1.94, after a slight decline of 0.35% over the past 24 hours. This drop comes amid overall market volatility, as traders await the U.S. inflation report (CPI) tomorrow, which could impact cryptocurrencies.
Daily Range: The price moved between $1.62 (low) and $1.72 (high) during the day. This shows moderate volatility, with a tendency to stabilize around the $1.90 level.
Overall Trend: Since the beginning of the current market cycle, TIA has reached a high of $20.85 and a low of $1.32, indicating high volatility but also the potential for significant upsides if conditions improve.
2. Key Technical Indicators
Moving Averages:
50-Day Simple Moving Average (SMA): It is around $2.10, indicating that the current price is below this level, suggesting short-term bearish momentum.
200-Day Exponential Moving Average (EMA): At around $2.30, which is a key resistance level currently. Staying below this level reinforces a cautious outlook.
Signal: The recommendation on the daily timeframe (D1) is sell, while on the weekly timeframe (W1) it is buy, reflecting a contradiction between short- and long-term trends.
Relative Strength Index (RSI):
The RSI is currently around 40 on the daily timeframe, which is in a neutral zone tending towards bearish fluctuations. This means that TIA is not in the oversold (below 30) or overbought (above 70) territory, giving it room to move in either direction.
Chaikin Money Flow:
It has risen from $0.10 to $0.27 recently, indicating an increase in fund flow to TIA, a positive sign of confidence in the medium term.
Support and Resistance Levels:
Support: The $1.32 level (current cycle low) is considered strong support. If the price drops below $1.62, it may head toward this level.
Resistance: The $2.10 level (50-day moving average) is the first resistance, followed by $2.30 (200 EMA). Breaking through these levels could open the door for increases towards $3.00 or higher.
3. Chart Analysis
Short-term Trend: TIA has been trading within a downward channel since late 2024, but it showed signs of a breakout in November 2024 when it surpassed resistance at $7.34. However, it returned to lower levels due to overall market pressures. Now, the price appears to be in a consolidation phase around $1.90, which could pave the way for a significant move if market sentiment improves.
Candlesticks: Small daily candles with long wicks indicate indecision between buyers and sellers. A Doji pattern has appeared in some recent sessions, reinforcing the idea of hesitation before the CPI report.
Short-term Forecast (until the end of August 2025)
Bullish Scenario: If the price breaks $2.10 supported by strong trading volume and positive news (such as a new adoption of the Celestia network or a rate cut from the Federal Reserve), it may target $2.30 then $3.00. The forecast indicates potential _
The price is expected to reach $2.53 by the end of 2025.
Bearish Scenario: If the price fails to maintain the $1.62 level, especially if the CPI report comes in higher than expected, it may slide towards $1.32 or lower. The forecast indicates a potential decline to $1.83 by mid-August.
Influencing Factors: The CPI report tomorrow will be crucial. If it shows a slowdown in inflation, it may bolster alternative coins like TIA. Additionally, the increased social dominance of Celestia (which recently rose from 0.137% to 0.281%) supports growing interest.
Personal Advice for You: How to Deal with TIA Today
If you are a short-term trader: Wait for a breakout above $2.10 with high trading volume before entering a buy position, and set a stop loss at $1.62 to mitigate risks. Watch the CPI report tomorrow, as it may cause volatility.
If you are a long-term investor: TIA has strong potential due to its standard technology. The forecast indicates a potential rise to $3.89 by 2029, so the current price ($1.94) may be a good entry point if you believe in the project.
General Advice: Given the market volatility, use reliable platforms like Binance or Bitget for trading, and make sure to do your own research. Keep an eye on news related to Celestia adoption in Web3 applications, as it may be a catalyst for an increase. $TIA