Is Celestia About to Drop? TIA Price Tumbles as New Bitcoin Project Gains Momentum
As the Celestia airdrop continues to make waves in the market, TIA’s price has taken a tumble in the past 24 hours.
This article will provide an analysis of TIA’s current price trends and look to see whether a newer Bitcoin halving play, Bitcoin Minetrix, represents a more promising investment opportunity at this time.
Daily looks great on this one as it consolidates around price discovery. $TIA pic.twitter.com/JHUvfb0grE
— Mobile Chart God (@robw00ds) February 10, 2024
With traders across the crypto community highlighting the bullish outlook for TIA price as it enters price exploration territory, how high could TIA go?
With price action ticking down, Celestia is currently standing at a market price of $18.32 (representing a 24-hour change of -0.15%).
This comes after TIA price mounted an impressive run to a new all-time high of $21.17 on February 10.
Now in retracement, there has been a minor localized retracement move, which has seen TIA price lose -13.87% in a push down to 20DMA support.
Retesting the 20DMA (sat at $18.28) offers a critical opportunity for a healthy consolidation, especially given the vital lifeline this key moving average has afforded to TIA’s rally.
In the event of a drop from here, a lower support level is almost immediately available at $17.28, reducing the risk of a major retracement.
Furthermore, the retracement move has already acted quick to cool-off overbought divergence on the RSI, which now reads at 52.35, opening the door for another leg up from current levels.
This meets with only minor bearish sentiment on the MACD, which reflects minimal momentum at -0.1308.
Overall, TIA price analysis depicts a healthy retracement and consolidation as price reeled from a new all-time high, that now leaves
Read more on cryptonews.com
