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- 1 Celestia crypto stabilizes near the 50a-dy Exponential moving average.
- 2 The TIA crypto currently trades at $16.79 level, reporting an intraday loss of 1.27%.
The Celestia price is grinding lower towards the $16 level on Wednesday. TIA crypto price noted swift intraday loss on Tuesday, which followed through on the next day in the early morning sessions.
Despite getting continuous support from the dynamic support of the 50-day EMA, the sellers have been able to close in red yesterday. Also, the selling seems to be resuming, indicating lack of buyers interest to hold the price near the 50-day EMA.
Moreover, in the recent sessions, the buyers seem to be easing the near term selling pressure and trying to hold the price near the 50-day EMA and prevent the further fall.
Also, the long-term outlook lies on the positive side as the TIA crypto is surging towards the higher levels. The 20-day and 50-day exponential moving averages have been acting as a dynamic support and pushing the price to the higher levels.
Can Celestia Crypto Hold Above 50-Day EMA or Sink?
Now, if the buyers make a comeback in the later sessions and defend the 50-day EMA, it may indicate the failure of sellers at lower levels. It may invite more buying volume to enter the market and the price may reverse its course.
On the flip side, if the buyers fail to sustain the price near the 50-day EMA and it breaks below the 50-day EMA, it may indicate a trend continuation and the price may drop toward the lower demand zone of $15 level.
Celestia Price Technical Analysis
From a technical perspective, it was observed that the TIA crypto has broken below the 20 day EMA suggesting some sort of weakness in the short term trend. Currently, the price is struggling to stabilize near the 50 day EMA.
Any breakdown below the 50-day EMA may drag the price to the lower support levels, indicating the initiation of a correction phase.
The MACD line and signal line were placed below the zero line, indicating a negative sentiment in the crypto. Also, both the lies have made a bearish crossover, suggesting a weak outlook in the short term.
Celestia Price Prediction for February 2024
The most positive view of our analysts expect a price target of $20, which is the recent high. It suggests a potential of nearly 20% on the higher side. Whereas, the bearish outlook of the analysts hope for the price to reach lower levels of $15 level.
Celestia Price Prediction for 2024
The price prediction for 2024 shows that the TIA token may advance to a high of $27.89 by the end of 2024. The less optimistic analysts estimate a price target of $22.49 by the end of the year.
Celestia Price Prediction for 2025
Over the next two years, the TIA price may reach $38.89 mark, suggesting an upside potential of 131.73% by 2025. The pessimistic view is that the price could reach $28.31 by the end of the financial year 2025.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
