Celestia’s price is $5 back, but can she escape the death cross?
Celestia (TIA) has struggled to regain its footing following last week's crash above $5.50. The price of the altcoin fell by 18%, and although it tried to recover after that, the broader market conditions did not support it.
This opposition poses a threat to TIA's ability to sustain growth in the short term.
Celestia's faces tend to bear
Celestia's moving averages are currently forming a death cross, a bearish indicator of weakness. This pattern had a lot of trouble on the TIA in 2024 but was briefly reversed when the golden cross came out in early December. However, this brutal trend was short-lived, and at the end of the month, the cross of death came back.
Despite the ongoing recovery, the widening death cross suggests further declines may be coming. The continued bearishness is eroding investor confidence, making it challenging for TIA to sustain any meaningful upward movement without strong market support.
The macro momentum for Celestia presents additional challenges. The Relative Strength Index (RSI) has remained below the neutral 50.0 line for the past month, indicating weak bullishness. While the RSI has shown a recent uptrend, its failure to move above the neutral zone indicates a weak TIA recovery.
This extended period below 50.0 indicates insufficient strength to buy momentum for sustained growth. Unless the TIA regains momentum and pushes the RSI above its critical threshold, the asset may continue to resist in attempts to recover.
TIA Price Forecast: Interrupt Consolidation
In the last four days, Celestia has recovered 12%. However, this gain will only partially offset last week's 18% correction, leaving the asset vulnerable to further market pressures. The recovery, while promising, is less than guaranteed to reverse.
While TIA can recover from its recent losses, a near-term crash seems unlikely. Market conditions and technical indicators suggest continued consolidation between $5.56 and $4.50. As the causes of depression persisted, this region proved difficult to escape.
For Celestia to break out, it must first secure $5.03 as a support floor. Only then can it aim to breach the $5.56 resistance, a level it has failed to breach recently. Achieving this would pave the way for a rally to $6.27, overturning the bearish-neutral outlook and restoring optimism among investors.
Disclaimer
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