After failing to surge past the $5.50 mark last week, Celestia (TIA) has been grappling to rebound. A 18% drop in its price followed the failure, and while it has made attempts at recovery since then, the overall market climate remains unfavorable.
This resistance raises concerns about TIA’s ability to sustain upward momentum in the short term.
Celestia Faces Bear Trend
Right now, Celestia’s moving averages are shaping up as a “Death Cross,” which is a bearish pattern that might hint at an upcoming decline. This unfavorable situation has affected TIA significantly during most of 2024, but there was a brief interruption when the Golden Cross emerged at the beginning of December. Unfortunately, this positive trend didn’t last long, and by month-end, the Death Cross reappeared once more.
Although the current recuperation process is underway, the growing Death Cross indicates potential further drops could be approaching soon. The persistent bearish intersection hints at decreasing investor trust, making it difficult for TIA to maintain significant growth unless it receives more robust market backing.
For Celestia, the overall trend indicates more hurdles ahead. The Relative Strength Index (RSI) has stayed below the 50.0 mark for a month now, suggesting a weak upward push. Although the RSI has shown some signs of recovery lately, its failure to surpass the neutral zone underscores the delicate nature of TIA’s rebound progress.
During this extended phase below 50.0, there’s not enough purchasing power to maintain a consistent upward trend. For a lasting bullish trend to occur, Total Investment Activity (TIA) needs to pick up speed and push the Relative Strength Index (RSI) above its crucial level. Otherwise, the asset might encounter obstacles in its efforts to recover.
TIA Price Prediction: Breaking Consolidation
Over the past four days, Celestia has seen a 12% increase in value, yet this rise only partially counteracts the 18% decrease that occurred last week. As a result, the asset remains exposed to potential additional market forces. Despite this recent growth being encouraging, it doesn’t fully indicate a complete turnaround.
Regardless of whether TIA regains its recent drops, it seems a surge beyond current levels might not happen soon. The market climate and technical signs point towards ongoing consolidation between around $5.56 and $4.50. This range has proven tricky to surpass due to the persistent bearish elements.
If Celestia is to make a significant advance, it needs to establish $5.03 as a solid base first. Once that’s achieved, it can then attempt to overcome the resistance at $5.56, a level it previously struggled to exceed. Should this happen, it would open up possibilities for an uptrend reaching $6.27, which would shift the current bearish-neutral sentiment towards optimism among investors.
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2025-01-13 04:04