Token

Resistance

Celestia

<ul class="list-ic vertical">
 <li><span>1</span> <a>TIA price persisted in dragging gains and is riding on a bearish track.</a></li>
 <li><span>2</span> <a>A falling parallel channel was spotted on the charts, replicating a downtrend.</a></li>
</ul>
<p>The TIA token trades in a downtrend and displays a falling channel, consisting of lower low swings for the past trading sessions. The price action of TIA token displays follow on selloff and have eroded 40% of gains in the last 20 trading sessions.&nbsp;</p>
<p>At press time, the Celestia token (TIA) price traded at $9.32 with an intraday drop of 3.22%, reflecting follow-on selling pressure on the charts. It has a monthly return ratio of -35.20% and 222.90% yearly.&nbsp;</p>
<p>The pair of TIA/BTC is at 0.000163 BTC, and the market cap is $1.31 Billion. Analysts are neutral and suggest that the Celestia crypto may continue to drag gains and will underperform in the upcoming sessions.</p>
<h2 class="wp-block-heading" id="strong-tia-token-strong-strong-price-action-reflects-underperformance-what-s-next-strong"><strong>TIA Token</strong><strong> Price Action Reflects Underperformance, What’s Next?</strong></h2>
<p>This week, the token depicts follow-up selling pressure, and buyers are trapped. For weeks, sellers have persisted in handling the battle and showcased their domination.</p> <iframe loading="lazy" title="Santiment Chart: Price (TIA), Volume (TIA)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=eos&amp;pt=EOS&amp;df=2023-11-01T18%3A29%3A59.952Z&amp;dt=2024-05-01T18%3A29%3A59.952Z&amp;sat=shchcfg_EQfUEPnATLZh&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bcelestia%3BTIA%5D%3B%5B1%3Bvolume_usd%3Bcelestia%3BTIA%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>The intraday trading volume jumped over 43.89% to $152.32 million, which signifies selling volume. Furthermore, the trend is bearish; buyers did not attain reversal and stayed on the backfoot.</p>
<p>Per the analysis of technical indicators, 12 indicators have given a sell rating, 9 have given a neutral call, and 3 have given a buy call.</p>
<p>The RSI curve stayed below the midline region, and a positive crossover was noted on the charts. Additionally, the MACD indicator showed a bearish crossover and formed red bars on the histogram.</p>
<h3 class="wp-block-heading" id="strong-price-volatility-and-weighted-sentiment-outlook-strong"><strong>Price Volatility and Weighted Sentiment Outlook</strong></h3>
<p>This week, the price volatility curve spins over 2.20% to 0.023, depicting a nominal selling pressure. Amidst the<a href="https://www.thecoinrepublic.com/2024/04/30/ethereum-price-remains-bearish-eth-price-to-test-2000/" target="_blank" rel="noopener noreferrer nofollow"> price</a> correction, the selling volume remained lower.</p> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (TIA), Weighted sentiment (Total) (TIA)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=eos&amp;pt=EOS&amp;df=2023-11-01T18%3A29%3A59.952Z&amp;dt=2024-05-01T18%3A29%3A59.952Z&amp;sat=shchcfg_EQfUEPnATLZh&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_volatility_1d%3Bcelestia%3BTIA%5D%3B%5B1%3Bsentiment_volume_consumed_total%3Bcelestia%3BTIA%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>However, the weighted sentiment looks positive and stayed above the midline near 0.33, signifying investor interest, meaning the short-term trend is bearish. Still, the ongoing correction is a golden buying opportunity from a long-term holding perspective.</p>
<h4 class="wp-block-heading"><strong>Development Activity and Derivative Data Insights</strong></h4>
<p>Per the Santiment data, the development activity data looks stable, and the value stayed close to the midline, around 126, signifying neutrality.</p> <iframe loading="lazy" title="Santiment Chart: Development Activity (TIA), Total Open Interest in USD (TIA)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=eos&amp;pt=EOS&amp;df=2023-11-01T18%3A29%3A59.952Z&amp;dt=2024-05-01T18%3A29%3A59.952Z&amp;sat=shchcfg_EQfUEPnATLZh&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bdev_activity%3Bcelestia%3BTIA%5D%3B%5B1%3Btotal_open_interest%3Bcelestia%3BTIA%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe>
<p>However, the derivative data showcased long unwinding data, and the open interest dropped over 3.56% to $88.24 million during the intraday session.&nbsp;Per the Fib levels, the Celestia price trades near the 23.6% support zone and is below the mid-Bollinger Band, directing bearishness.</p>
<p>The total supply of the TIA crypto is 1 billion, whereas the volume-to-market cap ratio is 0.112, ranked 67 in the global crypto market cap.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>The Celestia (TIA) price trades near the demand zone of $8, and a bearish crossover was noted on the charts. For weeks, follow-on selloff and selling pressure remained intact.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $8.80 and $7.66</p>
<p><strong>Resistance Levels:</strong> $10 and $10.60</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

TIA On Bearish Track, Can Buyers Hold $8 Mark Amidst Downtrend?

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Thecoinrepublic.com

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