- TIA breaks below $1.74 support zone after 9% daily drop, risking fall to $1.60 or lower
- Celestia trades under 9-EMA and 50-SMA as bearish momentum builds across multiple timeframes
- Volume surges on red candles as RSI and MACD show no reversal, signaling continued downside
Celestia (TIA) is now worth $1.66, which is down more than 9% from its high earlier in the day. The token has dropped below its recent breakout zone, which was around $1.74 and was a key support level in the past. This breakdown signals a shift in short-term momentum as selling pressure continues to mount.
The price as of writing puts TIA below the 50-period Simple Moving Average (SMA) and the 9-period Exponential Moving Average (EMA), which are $1.809 and $1.909, respectively. In the current correction, these indicators are now acting as resistance levels. Before, TIA’s price had gone up from the $1.36–$1.65 accumulation zone to a high of about $2.30. The recent 24% drop, though, has taken away a lot of those gains.
Volume data shows that trading has picked up, especially during the sell-off, when the 24-hour volume reached $151 million. Most of this activity is happening with red candles, which suggests that bearish sentiment is stronger. Even so, the lack of a volume climax suggests that the correction may go on unless people start buying.
Key technical indicators show that the market is going down on several time frames
There are technical pointers that outline a bearish short and medium term position. Relative Strength Index (RSI) on a 5-minute chart is at 42.57, which is below the level of 50 (neutral area). It briefly entered an oversold area but this was not an indication of reversal of direction thus buying pressure was not much.
The MACD (Moving Average Convergence Divergence) on the identical timeframe remains under zero, and that implies that the momentum remains adverse. It has a potential bullish crossover, however, this is not supported significantly with volume, therefore, it is not trusted so well.
It is advisable to watch support zones such as 1.66, which is under test presently, and 1.63 that was the latest low of the day. When the price falls below those levels, it may fall down to a price of 1.60 or even lower. On the upper side, resistance is at $1.70 and $1.75. A little over $1.75 may be a temporary rebound, nevertheless it would have to go back to over 1.85 that would alter the trend.
