📉 Celestia ( $TIA ) Analysis: The Last Support Battle

Hey Binance Fam,

Let’s take a look at Celestia (TIA), currently priced at $4.5. Here's the updated analysis from my previous post when it was at $4.9 👇:

Current Stats

🔹 Price: $4.5

🔹 Support: $4.5 (Critical Level)

🔹 Resistance: $5.6

What’s Happening?

🔸 TIA has started its downward movement, mainly driven by rejection at the $5.6 resistance level.

Bearish Indicators 🚨

🔻 Double Top Formation:

Bearish chart patterns, including double tops and inverted cup-and-handle, suggest a potential break below $4.5.

🔻 Support at $4.5:

If $4.5 is lost and the price stays below it for more than 2 days, further downside is likely.

The next targets would be $3 and possibly $1.9.

🔻 Weekly Chart Woes:

The weekly timeframe also shows an inverted cup-and-handle, reinforcing the bearish sentiment.

Bullish Hope? 🤞

✨ $4.5 holds the key:

If TIA can bounce from this level, it could aim for $5.6, presenting a good risk-to-reward setup.

A successful reversal would signal a potential bullish trend reversal.

Final Thoughts

Celestia is at a crucial support zone. $4.5 is the line in the sand. Losing this level could lead to a sharp drop to the $2-$3 range.

💬 Got questions or thoughts? Drop them below! As always, DYOR (Do Your Own Research) before making any moves.

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#Binance #Crypto #TIA #Celestia