Momentum

Million

Celestia

<ul class="list-ic vertical"> 
 <li> 1 <a>Celestia (TIA) price displayed a death crossover and highlighted bearishness.</a> </li> 
 <li> 2 <a>Technical indicators are suggesting further decline ahead.</a> </li> 
</ul> 
TIA token is trading in a downtrend and is highlighting distribution from the supply region of $20 and lost over 40% last month. 
The price action directs follow-on selling pressure and displays falling parallel channel. Recently, the token has breached its major support zone of $10 and is reflecting an intense selloff. 
At press time, the <a href="https://www.thecoinrepublic.com/2024/04/02/tia-token-looks-bearish-is-celestia-heading-toward-10-mark/" target="_blank" rel="noreferrer noopener">Celestia (TIA) price</a> traded at $8.65 with an intraday drop of 1.10%, reflecting bearishness on the charts. It has a monthly return ratio of -19.30% and 194.30% yearly. 
The pair of TIA/BTC is at 0.000132 BTC, and the market cap is $1.19 Billion. Analysts are neutral and suggest that the TIA price may extend the downmove and will retest the $5 mark soon. 
<h2 class="wp-block-heading" id="strong-celestia-tia-eyeing-5-mark-what-s-next-for-tia-strong">Celestia TIA Eyeing $5 Mark: What’s Next For TIA?</h2> 
On the daily charts, TIA highlights severe follow-on selling pressure and has slipped below the key moving averages. 
Following the market correction, Celestia stayed on the top in the list of the top losers and erased over 40% of gains last month.  
<a href="https://www.tradingview.com/chart/TIAUSDT/9YHWmDzq-TIA-Price/"></a><a href="https://www.tradingview.com/u/TheCoinRepublic/"></a><a href="https://www.tradingview.com/"></a>  
Source: TradingView 
Amidst the price fall, the key indicators have shown a negative outlook and suggest further selloff may be seen ahead. On an analysis of 24 technical indicators, 12 indicators gave a sell signal, while 8 gave a neutral outlook, whereas only 4 indicators showed a buy signal.&nbsp; 
This analysis highlights the short term downtrend and low investor interest.Bulls need to retain the 200 day EMA mark to attain any pullback. 
<h3 class="wp-block-heading" id="strong-futures-open-interest-data-outlook-strong">Futures Open Interest Data Outlook</h3> 
The futures data highlights the long unwinding data and the open interest dropped over 1.20% to $95.33 Million in the last 24 hours. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
 <img loading="lazy" decoding="async" width="1024" height="240" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-184-1024x240.png" alt="Celestia" class="wp-image-205688" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-184-1024x240.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-184-300x70.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-184-768x180.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-184-750x176.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-184-1140x267.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/05/image-184.png 1378w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div> 
Source: coinglass 
The Momentum Indicator (Relative Strength Index) looks negative, and the curve stands in the oversold region, replicating a negative divergence. 
The MACD indicator saw a bearish crossover and persisted in forming the red bars on the histogram. Per the Fibonacci retracement levels, the TIA price dragged below the 23.6% support zone and is on the verge of the lower bollinger band. 
The immediate support levels for the TIA is $8.20 and $8 whereas the key upside hurdle is around $9, followed by $9.20. 
<h4 class="wp-block-heading">Conclusion</h4> 
Celestia (TIA) crypto is trading in a downtrend and reflected an intense fall over the past few weeks. Still, the sellers have an edge and are eyeing to break the immediate support zone of $8 ahead. 
<h5 class="wp-block-heading">Disclaimer</h5> 
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;

Celestia Looks Bearish: Will TIA Retest 52 Week Low Mark Of $2?

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