TIA Price Is It Ready to Blast Soon?

The TIA crypto price has been falling because of resistance from a descending trendline. At press time, the Celestia token price reacted to the lower high territory and lost 25% in a week.

The crypto market has been experiencing a downturn in recent times, and TIA crypto is no exception. After reaching highs of $18.00 in April 2023, the TIA price has seen a significant decline.

The TIA crypto price has been falling due to several factors, including resistance from a descending trendline. At press time, the Celestia token price reacted to the lower high territory and lost 25% in a week.

The crypto asset price has declined through a falling channel on a wider time frame and slipped below the 20-day EMA. According to the technical chart, the TIA price dropped below the crucial level of $6.10, indicating the sellers’ interest.

The buyers tried 4 times to trigger a breakout from the trendline, but the sellers prevented it. Even in the consolidation phase of Bitcoin, the TIA price reacted negatively.

The BTC price has reached its significant resistance level. If Bitcoin faces resistance from this hurdle, it might impact the TIA price negatively.

A source on X indicated that the TIA crypto price displayed a scenario of creating a double-bottom pattern. If the price manages to defend the last swing low of $4, the buyers may show interest and initiate a bullish momentum.

$TIA ready to blast off! ? Celestia tech = next level scaling. Get ready for lift-off! ? #TIA #Trading #moonbound pic.twitter.com/mBZdAQ5kYV

The Celestia crypto traded at $5.67 and remained neutral in an intraday session. The market capitalization was $1.13 Billion, and the 24-hour trading volume was $47.97 Million.

The digital asset price has undergone a huge correction and traded below the key moving averages at the time of writing. Buyers might show interest if the TIA price triggers a breakout from the trendline.

An elevation in the training volume while breakout might attract buyers for the long term. Overcoming the 200-day EMA would be a strong sign of the bullish forecast, and the price may perform positively further.

Alternatively, sellers may eye for a new lower low if the TIA price fails to dominate the trendline. Generating a lower low may cause a huge loss of around 60%, which may continue the bearish trend.

Based on the technical indicators, the RSI has developed a bearish crossover and is heading for the oversold zone. The Celestia price has dropped below the key moving averages, showcasing the bearish trend.

The TIA crypto price has been experiencing a significant decline, with indicators pointing towards a bearish trend.

The price has struggled to break through key resistance levels and has exhibited a double-bottom pattern. It highlighted the potential for a further decline at the time of writing.

However, bullish momentum is possible if the price defends the last swing low. It may initiate a breakout from the trendline with increased trading volume.

On the other hand, failure to dominate the trendline may lead to a substantial loss of around 60% and a continued bearish trend.

The bullish trend in the Celestia crypto price may disturb near the $8.00 and $12.00 levels. The price may take support on the $5.00 and $4.00 mark.

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

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