Celestia (TIA) Tests Key Support at $2.72, Eyes 83% Gain to $5

Coin WorldThursday, May 15, 2025 8:56 pm ET
1min read

Celestia (TIA) is currently hovering near a critical support level at $2.72, a point that has historically acted as both resistance and support. This level is being closely watched by analysts and investors as a potential catalyst for a bullish reversal. The altcoin, which reached nearly $10 in December 2023, has since experienced a significant correction, bringing it back to this demand zone that previously sparked bullish momentum.

Technical indicators are providing mixed signals. The Relative Strength Index (RSI) is currently at 48.44, indicating that TIA is neither overbought nor oversold. This neutral positioning often precedes significant price movements. Additionally, the Moving Average Convergence Divergence (MACD) line is just above the signal line, suggesting emerging bullish momentum. However, it is still near the zero mark, indicating that the trend is not yet fully established.

Outflows have been a concern for TIA, with consistent net outflows since late July. This pattern coincided with significant sell-offs in September and December, reflecting heightened investor caution. However, outflows have eased slightly in recent weeks, which could suggest that selling pressure is beginning to taper off. This shift, combined with the technical indicators, could signal a potential upside move for TIA.

Analysts are optimistic about TIA's prospects, with some predicting a potential target of $5. According to the analyst's forecast, if TIA can hold this support and manage to climb back above $4, a push toward the $5.50 region could become feasible. This would mark a significant increase from current prices and could potentially drive the price higher. However, it is important to note that the cryptocurrency market is highly volatile, and prices can fluctuate rapidly. Investors should exercise caution and conduct thorough research before making any investment decisions.

In summary, Celestia (TIA) is currently testing a key support level near $2.72, with analysts and investors eyeing a potential target of $5. The recent launch of the "mamo-1" testnet has added to the optimism surrounding the cryptocurrency, but investors should remain cautious given the market's volatility. The technical indicators and outflows data suggest that TIA has the potential to break out and reach higher targets, but the market's volatility means that prices can fluctuate rapidly. Investors should exercise caution and conduct thorough research before making any investment decisions.