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Celestia (TIA) Bucking Market Trend, Eyes $4.50 Bounce

Coin WorldMonday, Jan 27, 2025 2:03 pm ET

1min read

Celestia (TIA) Holds Support Amid Market Volatility, Potential Bounce to $4.50 Suggests Encouraging Outlook

Celestia (TIA) has been maintaining its support level despite the recent market volatility, indicating a potential bounce back to the $4.50 mark. This positive outlook suggests that the token may be poised for a recovery in the near future.

The crypto markets have been experiencing a bearish influence, with the majority of tokens facing significant selling pressure. However, Celestia (TIA) has shown resilience and is gearing up for a potential upswing. The question remains whether the altcoins can revamp a strong bullish rise within the markets.

Celestia (TIA) price has been trading within a falling wedge, which is considered a bullish pattern. The bulls are attempting to breach through the resistance, which coincides with the 50-day moving average. Additionally, the volume has surged significantly, causing the MACD to undergo a bullish crossover. However, the RSI remains under bearish divergence, which may raise some concern over the rally.

Until Celestia (TIA) remains within the pattern, it is under bullish influence, carrying a possibility of a breakout above $500 shortly. However, the bears are expected to become vigilant once the price surpasses these levels and intensify their action as it approaches the pivotal resistance at around $525. If the price fails to breach above the wedge, a drop to the support below $400 could be imminent.

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