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- 1 Celestia price forecast for April 2024 demonstrates the downturn on the chart.
- 2 TIA price is currently trading below the key moving averages, demonstrating bearishness.
- 2 TIA’s price performance over the month has been poor as it gave a negative return of 27.36%.
Celestia’s (USD: TIA) price is currently in a downtrend and is stuck between the key moving averages, indicating bearishness on the daily charts. The coin price has paused near the $20 mark and is expected to continue its downward trend.
The value of Celestia cryptocurrency, which is denoted in USD as TIA, has been experiencing a decline. It has fallen below the crucial moving averages, indicating a weakness in its price.
The bears have been pushing down the TIA crypto price, and the buyers have been losing momentum. This has led to a decrease in the value of the cryptocurrency.
Celestia crypto has been in a downtrend for the past month, forming lower lows patterns, and facing resistance from the upper resistance levels, which prevented it from breaking out of the trend.
The sellers have maintained a strong advantage over Celestia crypto due to a lack of buyer activity, resulting in a downward price trend and increased short positions.
Technical Analysis of TIA Crypto
Celestia crypto is currently trading below the 200-day SMA. This does not support the price trend. However, selling pressure could cause the price to break lower than these SMAs.
The RSI indicator is currently at 37.67, which is in the neutral zone. However, the 14-day SMA is above the RSI curve, which is a bearish signal.
The MACD indicator is also bearish, with the MACD line crossing below the signal line. It indicates that TIA is likely to continue to fall shortly. Overall, the technical indicators suggest that the crypto is bearish in the short term. However, if it stays at the current level, it could continue to rise in the long term.
TIA Crypto Price vs Volume Analysis
The graph is displaying the trading volume and price shows a decrease in trading volume over the last few days, accompanied by a price decrease. The price has experienced a significant decline in recent days, leading to an expectation of continued decline in the long-term chart.
TIA Crypto Social Dominance vs Social Volume
The social dominance and social volume graph indicates that there has been a decrease mode in both social dominance and social volume for the past few months. This increase has harmed the price of the TIA Protocol. Additionally, the momentum of the TIA price may be influenced by changes in social dominance and volume dominance. Social Dominance is a measure of the percentage of crypto media conversations that mention a particular asset or phrase.
Summary
The bearish trend of Celestia (USD: TIA) is supported by its technical oscillators. The MACD, RSI, and EMA indicators are displaying negative signs, indicating that the downtrend in the TIA crypto price may continue. The price action of Celestia also suggests a bearish sentiment among investors and traders on the 1-D time frame. Therefore, the current price action reflects a pessimistic outlook towards the market.
Technical Levels
Support Level: $10.00.
Resistance Level: $13.00.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
