Celestia (TIA) is currently trapped in a strong downtrend, with the price holding steady at the critical support level of $4.54. However, the overall market sentiment remains negative, and recovery prospects appear slim unless the asset breaks through the resistance at $5.50. With sellers in control and bearish indicators gaining strength, TIA’s future price movement seems to be under significant downward pressure.
Strengthening Downtrend and Bearish Indicators
The Average Directional Index (ADX) for TIA has risen to 35.2, up from 31.2 just one day ago. This increase signals a strengthening trend, confirming the dominance of the ongoing downtrend. ADX values above 25 indicate strong trends, and with the current rise, the selling pressure is intensifying. The directional indicators further support this, as the +DI, representing buying momentum, has dropped from 22.2 to 11.3, while the -DI, showing selling pressure, has surged from 14.3 to 33.3.
These shifts indicate that bearish activity is outweighing bullish interest, confirming that sellers are firmly in control of TIA’s price action.
Bearish Momentum Confirmed by Ichimoku Cloud
The Ichimoku Cloud is also signaling a bearish outlook for TIA. The price is trading well below the cloud, a sign of a strong downtrend. The flat red cloud above the price adds resistance, and the divergence between the blue (Tenkan-sen) and orange (Kijun-sen) lines further confirms the bearish momentum. Additionally, the green lagging span (Chikou Span) remains below both the cloud and the price, reinforcing the dominance of the downtrend.
Price Prediction: Test of $4.10?
TIA’s recent death cross, where a short-term moving average crosses below a long-term moving average, has increased the likelihood of further price declines. If TIA fails to hold the $4.54 support, the price could continue its descent toward the next key support level at $4.16. However, should a recovery occur, the asset would need to break through the $5.50 resistance to shift the trend.
In conclusion, unless significant buying interest emerges, Celestia‘s price is poised for continued downward pressure, with $4.54 acting as a pivotal support level.
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.
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