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Is TIA Price Keeps Potential to Reclaim $10 Mark Ahead of 2025?

Linda Hamilton
Linda HamiltonOriginal
2024-11-16 22:12:15686browse

Celestia's (TIA) price has been in a bearish trend since February and has lost around 76%. The TIA price has been declining through a falling channel.

Is TIA Price Keeps Potential to Reclaim  Mark Ahead of 2025?

The price of Celestia (TIA) has been declining since February, losing about 76% of its value. On the technical chart, the TIA price has been falling within a falling channel.

The token faced resistance at the upper descending trendline and declined more than 15%. The price breached the 20-day EMA, which could be a bearish signal.

Based on the technical chart, the bearish trend seems to halt near the $4.75 mark. The price has been defending this level since July, showing buyers’ interest, which may lead to buying pressure.

At the time of writing, TIA crypto was trading at $5.00, showing an increase of 1.25% in the past 24 hours. Its market capitalization was $2.08 Billion, and the 24-hour trading volume was $191.32 Million.

Since mid-June, the Celestia price fell sharply facing resistance from a declining trendline. The TIA price didn’t grow much amid this bull run in the crypto market.

If the TIA token price manages to hold the $4.75 mark and breaches the 20-day EMA, buyers might be interested.

Suppose the price manages to trigger a breakout from the channel; it may gain bullish momentum. Exceeding the 200-day EMA could tempt buyers to participate in a massive rally. Furthermore, the price may soon be extended to the $10 mark.

Alternatively, if the TIA crypto price slips below $4.75, selling momentum could be triggered. Losing this level could be a bearish sign, and sellers could be attracted. The price is expected to record a new all-time low once it starts trading below the $4 mark.

According to the technical indicators, the price has dropped below the key moving averages, indicating the bears’ grip. RSI was wandering around the RSI-based moving average and expecting a golden crossover.

One crypto chart expert believes the TIA price has the potential for a massive bullish move. The price has gained bullish momentum from the buying zone and displayed a bullish signal.

“Looking like another bullish weekend coming up….” $TIA pic.twitter.com/FzityErMGk

The bearish trend has halted in the 30-minute time frame and is ready to perform positively. Based on the technical analysis, the TIA token is expected to remain bullish this week.

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