Million

Rise

Celestia

Coin

The Celestia price rebounded from multi-month lows and made a strong bounce back, erasing nearly 15% of the recent losses in Intraday. The price got the buyers back from a lower $4 level support and surged higher. 
At the time of writing, Celestia was exchanging hands close to $5.91, recording an impressive positive intraday development of 15%. The recovery in the broader market reestablished confidence among the investors.&nbsp; 
The intraday recovery has to stay long in order to make a bullish trend shift in the price. Moreover, there has been a significant development in the social metrics curve, which reveals a possible comeback by the bulls. Furthermore, the transaction volume has surged by nearly 175% to $167 Million a day, indicating a heightened demand. The live market capitalization reached $1.18 Billion, ranking it at 63rd in the cryptoverse.&nbsp; 
<h2 class="wp-block-heading" id="h-investors-reaffirm-their-belief-in-celestia">Investors Reaffirm Their Belief in Celestia</h2> 
The recent sessions have observed a recovery after a sharp comeback. However, the recovery is gaining more strength as TIA investors again show their confidence.&nbsp; <iframe loading="lazy" title="Santiment Chart: Social Dominance (TIA), Social Volume (TIA)" width="800" height="425" src="https://embed.santiment.net/chart?ps=celestia&amp;pt=TIA&amp;df=2024-03-31T18%3A30%3A01.319Z&amp;dt=2024-07-01T18%3A29%3A59.319Z&amp;emcg=1&amp;emhwm=1&amp;wm=social_dominance_total%3Bsocial_volume_total&amp;wax=0%3B1&amp;wc=%235275FF%3B%2368DBF4&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
Adding more to the Investors’ confidence, there has been a significant development in the social metrics curve. A recent on-chain data study reveals that there has been healthy growth in the social dominance and social volume curves.&nbsp; 
Social dominance and social volume curves reveal the amount of traction Celestia could gain from various social media platforms like X (Twitter), Telegram, and other popular social media applications.&nbsp; 
<h2 class="wp-block-heading" id="h-can-celestia-continue-to-recover-or-suffer-again">Can Celestia Continue to Recover or Suffer Again?</h2> 
A strong recovery in intraday reveals the bulls’ intention to keep the <a href="https://www.thecoinrepublic.com/2024/04/09/celestia-price-forecast-buy-sell-or-hold-tia-crypto/">Celestia price </a>higher and erase the recent losses. However, buyers need to make continuous efforts until the price reclaims bullish territory.&nbsp; 
Applying the Fibonacci tool from the recent high ($12) to the recent low ($4) reveals that the price has surpassed the 0.23 level of Fibonacci and may easily rise to the $8 to $9 level, which is the golden zone.&nbsp;  
<a href="https://in.tradingview.com/chart/TIAUSD/L12BnO4O-Social-Sentiments-On-The-Rise-As-Celestia-Price-Bounces-15-A-Da/"> </a>&nbsp; <a href="https://in.tradingview.com/u/Ritika_TCR/"> </a> &nbsp; <a href="https://in.tradingview.com/"> </a>  
Now, if the bulls are strong enough to surpass the golden zone of Fibonacci, it may indicate a bullish reversal. On the contrary, if the sellers establish their presence near the golden zone, the price may decline towards the recent swing low.&nbsp; 
The technical indicators are leaving a mixed reaction about the current trend. On one side, the RSI line has improved from the oversold region. However, the key EMAs still point towards a bearish trend prevailing.&nbsp; 
<h3 class="wp-block-heading" id="h-can-tia-price-mark-a-reversal">Can TIA Price Mark a Reversal?</h3> 
The Celestia price has rebounded from multi-month lows, surging 15% from a recent support level of $4. This uptick reflected an improved sentiment in the broader market and renewed investors’ confidence. Moreover, A bullish trend shift hinges on sustained recovery, bolstered by positive social metrics indicating a potential bull comeback.&nbsp; 
Furthermore, The price has crossed the 0.23 Fibonacci retracement level, hinting at a possible rise to the $8-$9 ‘golden zone’. A breakthrough here could signal a bullish reversal, while resistance might lead to a retest of recent lows. 
The post <a href="https://www.thecoinrepublic.com/2024/07/09/social-sentiments-on-the-rise-as-celestia-price-bounces-15-a-day/">Social Sentiments On The Rise As Celestia Price Bounces 15% A Day</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

Social Sentiments On The Rise As Celestia Price Bounces 15% A Day

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