While performing Celestia (TIA) price analysis, we will first examine past price movements through graphics and technical indicators. We will determine support and resistance levels and guide investors in their buying and selling decisions.
TIA Tokens is the first fair-launched DeFi Token launched in the community. TIA Tokens are a deflationary cryptocurrency as the supply decreases over time.
Can TIA continue its rise?
When we examined the Celestia chart, we observed that it has been in a horizontal channel oscillating between $ 2.24 and $ 2.70 since October 31. However, with the break of this channel, prices rose rapidly and reached levels of $3.90. When the pullback occurred, TIA dropped to a low of $3.1688, but later made a stronger rise to $6.
In this process, the rising wedge formation formed in the short term attracted attention. However, at 23:00 on the night of November 13, this rising wedge experienced a downward break. Later, at 8 a.m. on November 8, prices retested the ascending wedge, but there was a rejection from that level.
Celestia is now back inside the ascending wedge and has made a 15-minute close. If it remains inside the ascending wedge, another rise to $7.25 may be possible. However, if it breaks below the ascending wedge, there could be a pullback to $5.30 levels.
In summary, Celestia’s chart analysis has created uncertainty with the breakout of the short-term ascending wedge. The upward or downward movement of prices will depend on the closings in the following period.
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