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After an extended corrective phase, Celestia (TIA) has entered a consolidation zone, signaling a potential shift in momentum. The daily and hourly time frames reveal key insights into TIA’s price movements, showcasing both corrective and emerging impulsive wave structures.
Daily Chart Overview
On the daily chart, TIA has completed a W-X-Y-X-Z corrective pattern, culminating at $4.33—a historically strong demand level supported by multiple rebounds in the past year. Currently, the price remains constrained below a descending trendline originating from its all-time high, acting as a dynamic resistance.
Encouragingly, the Relative Strength Index (RSI) is rebounding from oversold conditions, suggesting an accumulation phase. The higher lows within the $4.33-$4.50 range further support this outlook. A decisive break above the $5.49 level, corresponding to the 0.236 Fibonacci retracement, could ignite bullish momentum. However, sustained recovery requires breaching the $6.21 zone (0.382 Fibonacci retracement) to reverse the broader bearish trend.
Hourly Chart Insights
The hourly chart offers a closer look at TIA’s emerging impulsive wave structure. Wave (i) appears nearly complete, with the price peaking near $5.65. A corrective Wave (ii) is anticipated, potentially retracing to key Fibonacci levels between $5.49 and $4.33, creating a reentry opportunity for bulls.
If this retracement holds, Wave (iii) could drive the price toward the $6.21-$6.79 range (0.382 and 0.5 Fibonacci extensions), with subsequent Waves (iv) and (v) consolidating and extending gains toward $7.38 (0.618 Fibonacci retracement).
Key Levels to Watch
The RSI on the hourly chart remains on an upward trendline, reinforcing the potential for a bullish continuation. However, a drop below $4.98 could invalidate this structure, signaling a return to bearish territory.
Also Read: Celestia (TIA) Faces Sharp Decline: Death Cross Signals Bearish Momentum, $4.54 Support in Focus
As Celestia (TIA) navigates its consolidation phase, traders should monitor key support and resistance levels closely. A breakout above critical Fibonacci zones could mark the beginning of a sustained uptrend, but caution remains warranted below $4.98.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
A lifelong learner with a thirst for knowledge, I am constantly seeking to understand the intricacies of the crypto world. Through my writing, I aim to share my insights and perspectives on the latest developments in the industry. I believe that crypto has the potential to create a more inclusive and equitable financial system, and I am committed to using my writing to promote its positive impact on the world.
