The altcoin’s Relative Strength Index (RSI) is at 38.41, which is close to the oversold zone but has not yet been reached. This suggests the potential for a short-term bounce. The Chaikin Money Flow (CMF) indicator is at -0.10, indicating capital outflow from Celestia and the presence of selling pressure, but this pressure is not very strong.
Bullish Catalysts for the Altcoin
According to Coinalyze, Celestia’s Open Interest (OI) has increased by 10.14 percent in the last 24 hours. When this increase is evaluated together with the recent price increase, it would not be wrong to say that market participants are buying TIA, which is a positive indicator for the asset.
User Recommendations
- Carefully monitor the support level around $4.5.
- Consider the EMA levels at $6,370 and $9,426 as resistance.
- Follow the RSI and CMF indicators, as these indicators can provide information about short-term trends.
According to data from CoinGecko, TIA’s daily trading volume increased by 31%, indicating increased trading activity. If this is sustainable, the rise can be expected to continue.