TIA Token Slides 8.9% as Resistance Rejection Sparks EMA Breakdown

Celestia’s TIA token experienced a sharp 8.9% decline over 24 hours, trading at $1.82 as it failed to sustain above the $2.03 resistance zone. The price action triggered a breakdown below key exponential moving averages (EMAs), with $1.77 now emerging as immediate support. This drop was catalyzed by a rejection from a long-term descending trendline, which had defined market structure since January 2024. The failure to maintain bullish momentum led to intensified selling pressure, particularly after the 4-hour chart showed TIA slipping beneath both the 50 EMA and 100 EMA. The 200 EMA at $1.877 was also pierced, further signaling a shift in near-term direction [1].

The decline has already impacted traders, with one exiting the market early following a 15% loss after the short-term structure broke. The 4-hour chart revealed a critical retest failure of the $1.93–$2.03 resistance cluster, a region previously highlighted as a potential support area. Sellers gained control after the price slipped below the 50 EMA and 100 EMA, consolidating the downward trend. A sharp drop through the 200 EMA reinforced the bearish bias, opening the door for further downside if $1.77 fails to hold [1].

On the daily timeframe, TIA’s rejection from the descending trendline confirmed weakening momentum. The asset had attempted a breakout in late July but was pushed back below the trendline, marking a key reversal point. The decline of over 10.2% in a single session on July 23 underscored the fragility of bullish positions. Price action remains beneath the descending diagonal, with volume waning as market sentiment deteriorates [1].

Current support at $1.77 is critical, reinforced by reaction wicks on both 4-hour and daily charts. If pressure intensifies below this level, prior lows near $1.60 could become relevant. The 200 EMA’s proximity to $1.77 adds significance to this level as a potential inflection point. Meanwhile, resistance remains stagnant between $1.93 and $2.03, the same zone where the earlier breakdown originated. Traders are now monitoring whether $1.77 can hold to prevent a deeper correction [1].

The broader technical landscape suggests a continuation of bearish bias unless a strong reversal emerges. The breakdown below the consolidation zone formed between July 13 and July 23 has opened the door for further downside, particularly if $1.77 is breached. For now, TIA remains in a reactive phase, with price action tightly clustered under previous support levels.

Source: [1] [TIA Slides Below Support as Resistance Rejection Triggers 8.9% Drop] [https://cryptonewsland.com/tia-slides-below-support-as-resistance-rejectio/]