Celestia’s TIA token is showing signs of a potential trend reversal as it consolidates within a descending technical pattern. The token’s price was approximately $0.30, having declined over 4% in 24 hours but gaining nearly 4.5% over the previous week. Analysts note weakening bearish momentum, with key indicators like the MACD hinting at a bullish crossover, which could pave the way for a recovery toward $1.2 if resistance is broken.
Celestia’s TIA token is trading near $0.30, reflecting a period of consolidation following a prolonged downtrend. According to data from CoinMarketCap, the token’s 24-hour trading volume fell over 25% to approximately $331 million.
A crypto analyst known as Butterfly revealed that TIA is testing the upper boundary of a descending channel on its daily chart. This price compression near a critical resistance zone suggests that selling pressure may be fading as buyers gain influence.
The analyst stated, “Market participants are now watching closely as volatility tightens near a critical resistance zone.” A decisive breakout above this channel could signal a shift in market structure and trigger a move toward the $1.2 resistance level.
Momentum indicators present a mixed but cautiously optimistic picture. The Relative Strength Index (RSI) is at 43.82, remaining in a neutral zone but showing a positive slope that indicates easing selling pressure.
Meanwhile, the Moving Average Convergence Divergence (MACD) is showing early signs of a potential bullish crossover. According to TradingView, the appearance of green histogram bars suggests bearish exhaustion, though the indicator remains below the zero line.
