A recent analysis points to promising developments in Celestia’s price movement. Technical indicators suggest a potential breakthrough moment for the digital asset. Market watchers have noted the formation of a key chart pattern. The growing momentum above key moving averages has sparked fresh discussions about possible price targets.
What you'll learn 👉
Celestia Technical Patterns and Price Action
Analyst Jonathan Carter pointed out that Celestia (TIA) is forming a descending triangle, a pattern that often signals bearish continuation. However, in some cases, it can lead to a bullish reversal.
The descending resistance line reflects selling pressure, while the horizontal support at $4.40 has been a key level for buyers. The narrowing price range suggests an imminent breakout, making it a crucial moment for traders.
One of the notable observations in Carter’s analysis is Celestia’s recent breakout above the 50-period SMA. This development signals short-term bullish momentum. If the price holds above this level, it could strengthen the case for an upward breakout. The 50-SMA often acts as dynamic support or resistance, influencing short-term price action.
Read also: Why is Kaspa (KAS) Price Pumping?
Key TIA Price Levels to Watch
According to Carter, $4.40 remains a crucial support zone where buyers have repeatedly stepped in. On the upside, resistance levels at $5.15, $5.70, $6.25, and $7.45 could serve as potential price targets if the breakout materializes. At press time, TIA trades at $5.06.
These levels align with historical price movements and volume activity, making them significant markers for traders tracking Celestia’s next move. The RSI is hovering around 49, indicating neutral conditions. This suggests that neither buyers nor sellers have full control, leaving room for volatility.
Carter’s tweet expressed cautious optimism, emphasizing that confirmation above the 50-SMA is key to a sustained rally. Volume data further supports this outlook, with notable activity near the $5.00 region, hinting at a possible price surge if resistance weakens.
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