Can Celestia (TIA) Turn Its 18% Jump Into A Full-Blown Rally?

• Celestia has recorded an 18% gain, trading at $3.77.  
• TIA’s daily trading volume has jumped by 79%.

Amid market turbulence, assets fluctuate between breakouts and declines. Notably, Celestia (TIA) defies the trend and secures a spot among the top gainers with a solid 18.19% gain. 

The crucial resistance levels of Celestia at $3.57 and $3.78 have been tested to confirm the bullish control. The altcoin bottomed out at $3.04 in the early hours. With bullish backing, TIA has rallied to a high of $3.81. 

At the time of writing, the altcoin traded within the $3.77 range, with its market cap reaching $1.99 billion. Moreover, the daily trading volume of Celestia is resting at $206 million. 

The asset has recorded a 24.77% gain over the last seven days. TIA opened the week trading at $2.97 and with the market bulls steering, it has climbed to the $3.96 range. 

Will TIA Extend Its Rally?

Celestia’s four-hour candlestick didn’t confirm the broader bullish shift. The bulls in the scene will likely climb to the nearby $3.86. Clearing the level might kickstart a price rally toward $4. Sustaining above the trendline could propel TIA to uncharted levels. 

However, if the bearish forces reclaim dominance and intend to drag TIA down, the price might plummet to the $3.69 range. Breaking this support may lead to a $3.50 retracement. The continued losses could drive Celestia into a steep and unpredictable fall.

The Moving Average Convergence Divergence (MACD) line of Celestia settled above the zero line, which signals bullish momentum. However, the signal line below zero infers that the trend is still recovering—a decisive bullish breakout has yet to occur.

Besides, the Chaikin Money Flow (CMF) indicator stationed at -0.02, suggests the capital flow is slightly negative, but the market is not decisively bearish. Meanwhile, the daily trading volume of Celestia has surged by over 79.12%. 

The Bull-Bear Power (BBP) value of 0.4830 indicates that bulls have the upper hand. Moreover, TIA’s daily relative strength index (RSI), at 60.35, showed moderate bullish momentum. Buying pressure is stronger than selling in the market.

Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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