Celestia (TIA) Price Analysis: What's Next?

Celestia’s TIA token was trading in a sustained downward trend and exhibited sharp turbulence in the past few weeks.

Celestia (TIA) price has been in a downward trend lately and is facing further losses. Despite significant “dead cat bounces” in the midrange, sellers showed resilience and gained the upper hand. This led to a sustained downward trend.

The Relative Strength Index (RSI) was about to fall below the 40 level, indicating that TIA price could soon enter the oversold zone and face further losses.

Price action reflected bearish tendencies and sellers took short positions while buyers struggled.

@HmzCharts tweeted that TIA is hoping for a bounce and can recover soon.

$TIATollow turbo pic.twitter.com/1mdUN4EgUa

Successfully passing the $7 level could pave the way for a possible rise towards the $9 level in the short term.

Pricing Rate Observed a Decline

Pricing Rate can be defined as the premium between the price in the contract and the spot price.

Values ​​above zero indicate that traders expect the price to rise, indicating a bullish trend. Conversely, values ​​below zero indicate that the price of the asset is trading below the spot price and is therefore in a downward trend.

Pricing Rate of TIA token has drifted below the zero line at press time. It was recorded at -0.061% which was indicative of a bearish move.

On the other hand, Open Interest data increased by more than 5.26% in the last 24 hours to 122.84 million dollars.

Buyers must maintain holdings around the key $5 support for a significant bounce. Failure to do so will retest the next support zone at $4.40 and $4 respectively in the short term.

Conversely, if the token achieves a bounce, it could resist the $7 level. The next resistance will be around the $7.40 level where a strong seller is holding.

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