Celestia (TIA) Looks Oversold: Is a Bounce Imminent?

For the past few months, Celestia token has revealed underperformance and continued to lose the gains. Amidst the market bloodbath, TIA was among the worst hit

Celestia (TIA) token price displayed a downtrend in the last session, with the price opening at $5.33 and reaching a high of $5.78 before finally closing at $5.75, showcasing a minimal gain of 0.03%.

However, the price later surged by 3.29% to trade at $5.75 at press time. The token’s price is seen to be decreasing, with a monthly return ratio of -48.30% and 85.30% yearly, indicating a downtrend.

Moreover, the TIA/BTC pair is currently valued at 0.0000932 BTC, and the market cap is at $754.32 Million. According to analysts, TIA may experience a rebound and achieve a reversal soon.

Celestia (TIA) token has been observed to be underperforming for the past few months and continued to lose the gains. In the midst of the market bloodbath, TIA was among the worst hit, dropping over 70% from the highs.

However, the token encountered a crucial support zone at $5 and bounced off the 23.6% Fibonacci support zone, displaying a double bottom formation on the chart.

If the buyers manage to uplift the token and push it above the 20-day EMA mark, a strong rebound could be attained by the bulls. A break and close above the 20-day EMA mark could stretch the rebound toward the $7 mark. Meanwhile, $8 is the make-or-break zone, which is the crucial resistance mark.

Celestia (TIA) Token Price Chart | Santiment

The traditional indicator, the RSI curve, witnessed a pullback from the oversold region, noted at 36. In contrast, the MACD indicator showed a convergence on the signal line with the MA line.

A death crossover was observed, and the falling moving averages reflected a decline. Further decline is unlikely unless the token breaks and closes above the $7 mark.

The social dominance data displayed a decline, noted at 0.098%, revealing the decreasing investors’ interactions on the social media platforms.

Social Dominance Data | Santiment

Similarly, the weighted sentiment observed a consistent decline, noted at -0.527, signifying reduced demand and investors’ interest in the token.

Amidst the price rise, the crowd sentiment value stayed in the positive region, noted at 0.072, articulating the optimistic outlook among the investors.

Moreover, the buzz score of 0.3607 suggests the token has the potential to expand the gains. @Nebraskangooner, in his tweet, said that TIA is set for a pullback and could reach the $7 mark soon.

A Tweet by Nebraskangooner | X

The total liquidations for TIA observed a sharp surge in long liquidations. At the last count, the long liquidation volume was $88.39k, surging over 40% in the last 24 hours.

Meanwhile, the short liquidations were noted at $10.30k, reporting an overnight decline of over 46%. This liquidation data signifies the selling pressure was still intact.

The immediate support levels for TIA are $1.80 and $1.30, whereas the key upside hurdle is around $2.40, followed by $3

The TIA token price stayed below the 20-day EMA mark and looks bearish on the charts. Until the token climbed above it, sellers continued to dominate the battle.

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