Celestia (TIA) Nears $3.72 Year-to-Date Low Amid Growing Sell Pressure
TIA, the native token of the modular blockchain network Celestia, has extended its downtrend, losing over 15% of its value in the past week. Currently, the altcoin is trading at $4.23, hovering near its year-to-date low of $3.72.
The sustained value drop and technical indicators suggest that Celestia’s price decline may continue in the short term. This analysis highlights the price targets the token holders need to look out for and why.
Celestia Buyers Exit the MarketBeInCrypto’s assessment of the TIA/USD one-day chart shows that the coin’s double-digit decline over the past seven days has pushed its price below its Ichimoku Cloud.
This indicator tracks an asset’s market trends, momentum, and key support/resistance zones. When the price dips below it, it signals a bearish phase, indicating stronger downward momentum. In this case, the Cloud serves as a resistance zone, making it harder for the price to break back above without substantial buying pressure.
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Celestia Ichimoku Cloud. Source: TradingView
However, readings from TIA’s Directional Movement Index (DMI) suggest that such buying pressure is currently absent in the coin’s market, worsening the Celestia price decline. At press time, the altcoin’s positive directional indicator (+DI) (blue) rests below its negative directional indicator (-DI).
The DMI indicator measures an asset’s price strength and direction. When its +DI lies below its -DI, it signals that the asset’s price is experiencing more downtrend than uptrend movements. Traders view this as a bearish signal, suggesting that sellers are stronger than buyers.
Celestia DMI. Source: TradingView
TIA Price Prediction: A Pull Toward Year-To-Date Low
At press time, TIA is trading at $4.23, just 13% above its year-to-date low of $3.72, last reached on September 6. Increasing selling pressure could push TIA back down to this support level.
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Celestia Price Analysis. Source: TradingView
If TIA experiences renewed demand, however, the price could rebound from this floor and begin an uptrend. In this bullish scenario, TIA would target breaking above the Ichimoku Cloud resistance levels at $5.06 and $5.53. Successfully surpassing these thresholds could position TIA for a potential rally toward $7.84, a peak it last achieved in June.
The post Celestia (TIA) Nears $3.72 Year-to-Date Low Amid Growing Sell Pressure appeared first on BeInCrypto.