Celestia (TIA) is showing recovery signs as momentum strengthens near a breakout zone. RSI and MACD indicate fading selling pressure, while trading volume has surged sharply. Analysts expect a potential bullish rally for the TIA price if buying pressure continues increasing in upcoming sessions.
At the time of writing, TIA is trading at $0.3919 with a 24-hour trading volume of $31.34 million and a market capitalization of $360.19 million. Following the 2.07% surge over the last 24 hours, the TIA price seems to be poised for a trend reversal supported by rising volume and momentum indicators.
Source: CoinMarketCap
Also Read: Celestia Price Outlook: TIA Price Breakout Targets a Potential 300–400% Rally
TIA Price Setup Signals Strong Upside Potential
Furthermore, the crypto analyst Jonathan Carter highlighted that the TIA price is showing strong signs of recovery as the token consolidates near the upper boundary of a descending channel on the 3-day timeframe.
Analysts note that the MA 50 continues to provide solid support, while momentum builds around a potential breakout zone. Traders have already secured nearly 35% profit from previous positions recently.
Source: Jonathan Carter’s X Post
According to market analysts, the breakout will most likely create an extremely bullish rally for the TIA price in the short term.
The next major recovery levels for the TIA price should be around $0.60, $0.90, $1.33, $2.35, and $3.90 if the buying pressure continues to increase. Given the increasing volume and narrowing prices, Celestia is likely to make a big move higher soon.
Technical Indicators Point to Decreasing Pressure
According to TradingView, RSI is positioned in neutral territory at 42.86. Having fallen close to the oversold level at around 30 on May 18 to indicate that sellers were exhausted, it has rallied and breached its signal level at 37.18.
This TIA price recovery suggests that bullish sentiment could be taking root, even though it remains below the 50 level.
Source: TradingView
Despite being in negative territory, the MACD is showing a bullish crossover, where the blue line moves above the orange line, standing at -0.00904 and -0.01156, respectively.
This is reflected in the histogram through green bars as selling pressure decreases. However, remaining under zero makes sure that the general trend remains bearish.
Rising Trading Volume Points to Bullish Breakout Ahead
However, TIA trading volume rose to 89.59% to reach $189.66 million, indicating increased trading activities and participation of more investors. This increment indicates growing interest among traders, possibly due to the recent movements in the TIA price, changes in sentiments in the market, or other events that may affect trading.
Source: Coinglass
Meanwhile, open interest fell by 3.41% to $55.15 million, suggesting that there may be fewer active derivative contracts. This fall could mean that traders have closed their positions or are less speculative, even though there is an increase in trading volumes.
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
Also Read: Celestia Price Prediction: TIA Price Breakout Signals a Rally Toward $2.70
