The Celestia (TIA) token has drawn attention from traders after a sharp increase of over 15% in its price. However, among analysts, there is no consensus on the long-term sustainability of this rise.
Short-Term Rise and Expert Opinions
The recent rise of TIA was triggered by breaking above $1.44 and reaching $1.573, which increased trading volume. Analyst Emilio Crypto Bojan suggested that this might be part of a broader shift in the Cosmos ecosystem. However, King Crypto warns that such short-term spikes may not always reflect stable trends.
Long-Term Structure Remains Bearish
Despite its short-term success, TIA has lost nearly 85% from its peak of $9.00 in December 2023. The long-term trend remains downward, confirmed by the 20-day and 50-day moving averages. King Crypto also noted that many investors overlook the bigger picture, buying assets based solely on short-term market changes.
Celestia's Support and Resistance Levels
The current situation shows resistance levels at $2.05 and the $2.50–$2.70 range, which may become priorities for traders. Support is observed between $1.40–$1.50, and a breach of this level could lead to further declines.
Thus, while the short-term rise of Celestia may create opportunities for traders, experts stress the importance of deeper analysis and caution when entering the market.
