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<p>Top crypto analyst Crypto Tony shared insights lately on the Celestia (TIA) market, emphasizing the importance of the $11.70 level for bulls. In a <a href="https://x.com/CryptoTony__/status/1779599002616688920" target="_blank" rel="noopener noreferrer nofollow">tweet</a>, Crypto Tony stated, “$TIA / $USD – Update Reclaim $11.70 is important here for the bulls, otherwise no entry and we just have a bearish reaction.”</p>
<h2 class="wp-block-heading" id="strong-the-bearish-downturn-strong"><strong>The Bearish Downturn</strong></h2>
<p>Crypto Tony’s analysis featured a daily candlestick chart depicting TIA’s price movements against the US dollar. The chart revealed a pronounced downtrend, with sellers dominating the market over an extended period. Notably, a significant price drop was observed, visible as a long red candlestick breaking below a key support level, indicated by a white horizontal line. This bearish signal suggested strong selling pressure.</p>
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<p>Following the substantial price decline, a slight recovery occurred, represented by a green candlestick. However, this recovery was relatively small compared to the preceding drop. The last visible candlestick on the chart was green, with the price noted as $10.28 at the time of analysis, showing an increase lately.</p>
<h2 class="wp-block-heading" id="strong-the-crucial-11-70-level-strong"><strong>The Crucial $11.70 Level</strong></h2>
<p>According to Crypto Tony’s analysis, the previously broken support level, now around $11.70, has become a crucial resistance area. “Reclaim $11.70 is important here for the bulls, otherwise no entry and we just have a bearish reaction,” the analyst warned.</p>
<p>Support and resistance levels are areas where price has historically faced buying or selling pressure and can significantly influence future price movements. If buyers can propel TIA back above $11.70, it could signal a bullish resurgence. Conversely, a failure to reclaim this level could lead to further bearish continuation.</p>
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<h2 class="wp-block-heading" id="strong-current-market-situation-strong"><strong>Current Market Situation</strong></h2>
<p>At the time of writing, according to data from CoinMarketCap, the Celestia price is <a href="https://coinmarketcap.com/currencies/celestia/" target="_blank" rel="noopener noreferrer nofollow">$10.24</a>, down 3.25% in the last 24 hours. Crypto Tony’s analysis underscores the importance of the $11.70 level as a potential make-or-break point for TIA’s near-term trajectory.</p>
<p>As the market unfolds, traders and investors will monitor whether TIA can muster the strength to reclaim the crucial $11.70 resistance or succumb to further bearish pressure.</p>
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<p>The post <a href="https://captainaltcoin.com/celestias-market-trajectory-analyst-highlights-this-next-price-as-pivot-point-for-tia-recovery-amid-market-slump/" rel="noopener noreferrer nofollow">Celestia’s Market Trajectory: Analyst Highlights This Next Price as Pivot Point for TIA Recovery Amid Market Slump</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Celestia’s Market Trajectory: Analyst Highlights This Next Price as Pivot Point for TIA Recovery Amid Market Slump

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