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- TIA is trading at $1.79 with a 1.19% gain, despite a 26.49% drop in volume to $128.1 million in 24 hours.
- A breakout above resistance could push TIA’s price to $2.70, $3.38, or even as high as $4.20, analysts predict.
- With an RSI of 49.51, TIA shows neutral sentiment, while MACD remains bullish but signals weakening momentum.
Celestia (TIA) is currently trading at $1.79, with an increase of 1.19% in 24 hours. In spite of this growth, the trading volume of the coin has decreased by 26.49 percent to currently stand at $128.1 million.
During the last 7 days, TIA has declined by 1.15%. The current price action implies that TIA is experimenting with a key resistance point.
Source: CoinMarketCap
TIA Approaches Resistance Level That Could Drive Growth
Crypto analyst Jonathan Carter mentioned that TIA is reaching the upper range of its descending channel. This resistance has proven to be very tough in the past, and a breach at this point could be the beginning of a new bullish trend. These dips into support levels may present accumulative chances, as Carter pointed out that traders could buy before a breakout can occur.
An effective crack above the channel resistance may propel TIA to another level in pricing. Analysts think the breakout could see TIA go as high as $2.70, $3.38, or even higher at $4.20. Traders are anxiously hoping to see this potential rally confirmed. An upward breakout of the resistance would reinforce the attention of more buyers and drive the price up.
Source: X
Also Read: Gemini Introduces Self-Custody Wallet and Onchain Trading Portal Amid Low Exchange Volumes
Neutral RSI and Weakening MACD Point to Uncertain Trend
The TIA Relative Strength Index is 49.51. The reading indicates that the coin is in a neutral zone, meaning it is neither overbought nor oversold. A market that is fence-sitting is indicated by RSI values of 40-60. Any rise beyond 50 may be an indication that price can experience a shift towards bullish momentum, but a plunge below 40 could be an indicator of more price consolidation or a decline.
The MACD value of TIA is positive. MACD is greater than the signal line that represents an upward movement. The MACD value stands at 0.008, indicating that TIA is in a bullish trend. The histogram bars, however, are decreasing, hence indicating a weakening momentum. Even though MACD is positive, a histogram that is declining suggests that a prolonged breakout necessitates additional confirmation.
Source: TradingView
TIA is standing at the crossroad. A break of this resistance would see the price rise sharply, although traders will have to wait until there are confirmations. Both MACD and RSI provide mixed signals, which makes the next several days important to define the way the coin will move.
Also Read: SEC Extends Review Period for Solana ETF Proposals Amid Rising Crypto Fund Filings
