Celestia (TIA) is currently facing a crucial battle to maintain the $1.65 support level as technical indicators hint at a possible trend reversal. Over the past 48 hours, Celestia has been struggling to recover from a significant downturn that commenced after failing to break through the key resistance level of $2.16 on August 2. The cryptocurrency’s price is now at a pivotal point, with the latest uptick providing hope for bullish investors amidst sturdy technical barriers. The next day or two will be decisive in determining the trajectory of Celestia’s price, with a keen focus on trading volume and resistance zones spanning from $2.16 to $2.29.
Neutral Momentum Amid Bearish Pressure
The Relative Strength Index (RSI) currently indicates neutral momentum despite the recent downward push in Celestia’s price. This equilibrium suggests a potential shift in market sentiment, with both bullish and bearish forces at play.
Expert Commentary from Sam Boolman
According to Sam Boolman, ChainIntel’s lead analyst, the battle around the $1.65 mark is a critical juncture for Celestia. ‘The inability to breach the $2.16 resistance level has put pressure on the cryptocurrency, leading to a test of its lower support levels. Investors should closely monitor the price action in the coming days, as a break below $1.65 could signal further downside potential,’ noted Boolman.
