Celestia (TIA) is experiencing a revival after a prolonged decline, with a recent price surge of 14%. Bulls are attempting to take control, indicating a potential trend reversal.
Bullish Momentum for Celestia (TIA)
Celestia (TIA) shows signs of life after a long slump. According to CoinMarketCap, the token surged by 14%. Recently, the price has been moving in a downward trend, but the recent movement suggests a possible reversal.
Technical Analysis and Resistance Levels
Currently, TIA is trading below two key exponential moving averages: the 50-day EMA at $1.903 and the 200-day EMA at $3.215. This pattern suggests the asset is still in a bearish trend, yet recent bullish fluctuations indicate an attempt by bulls to break the 50-day EMA resistance.
Market Outlook and Sentiment
From a fundamental perspective, TIA has established support at $1.344 after several tests. Improving social sentiment indicates increasing confidence among investors regarding Celestia's future. A breakout above $1.903 could drive further buying pressure towards $3.215.
Despite the favorable technical signals and improving social sentiment, traders should monitor the overall market conditions that may affect the potential reversal.
