Celestia (TIA) Bounces at Channel Resistance With 3.84% Daily Gain

Celestia (TIA) is currently testing the upper boundary of its descending channel following a bounce off key support. This retest marks a critical juncture for the asset, as traders assess the strength of bullish momentum indicators and potential breakout scenarios [1]. The price has moved within a well-defined channel for months, with both support and resistance levels clearly defined by repeated price interactions [1].

RSI readings have shown a bullish divergence, forming higher lows while price activity has shown marginal lower lows, indicating a buildup of buying pressure as TIA approaches this resistance zone [1]. Analyst Jonathan Carter emphasized the significance of this moment, noting that pullbacks toward support could provide strategic accumulation opportunities ahead of a potential breakout [1]. A successful breach of the upper channel boundary could shift the near-term bias toward the upside, potentially pushing TIA toward key levels of $2.70, $3.38, and $4.20 [1]. Volume data also supports this possibility, with notable clusters at $2.70–$3.00, $3.30–$3.40, and $4.20, while a liquidity gap between $2.70 and $3.30 suggests room for rapid price movement if buyers step in decisively [1].

On the other hand, a rejection of this resistance would likely see TIA return to the channel’s midline and test the $2.00–$1.80 support range [1]. This path would maintain the downtrend established within the descending channel structure, prolonging the bearish pattern until further strength is demonstrated. As of the latest data, TIA is trading at $1.82 with a 24-hour volume of $121,415,792, reflecting a 3.84% gain in the last 24 hours but a 1.58% weekly decline [1].

Market observers are watching closely for confirmation of either scenario. A breakout and close above the channel on a daily basis would signal a shift in momentum and open the door to higher price levels [1]. A throwback retest that holds above the broken channel would further validate the breakout’s credibility. Conversely, a failure to hold at key support would likely reignite concerns over TIA’s near-term trajectory, especially amid a broader crypto market characterized by mixed signals and macroeconomic headwinds [1].

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[1] Celestia (TIA) Tests Descending Channel Resistance with Bullish Momentum Signals (https://cryptofrontnews.com/celestia-tia-tests-descending-channel-resistance-with-bullish-momentum-signals/)