Celestia Price Reclaims $5 But Can It Escape The Death Cross?

Celestia (TIA) has struggled to regain its footing after a failed breakout above $5.50 last week. The altcoin’s price fell by 18%, and although it has since attempted to recover, overall market conditions are still not favorable.

This resistance raises concerns about TIA’s ability to maintain near-term bullish momentum.

Celestia faces downtrend

Celestia’s moving averages are currently forming a Death Cross, a bearish indicator that signals potential downside. This trend plagued TIA for much of 2024, but briefly changed when the Golden Cross appeared in early December. However, this uptrend was short-lived and by the end of the month, the Death Cross had returned.

Despite the ongoing recovery, Death Cross’s expansion suggests further declines could be imminent. The continued bearish crossover highlights the loss of investor confidence, posing a challenge for TIA to sustain any significant upward movement without stronger market support.

Celestia’s macroeconomic dynamics reveal additional challenges. The Relative Strength Index (RSI) has remained below the neutral line of 50.0 over the past month, signaling weak bullish momentum. Although the RSI has shown some improvement recently, its inability to rise above the neutral zone highlights the fragility of TIA’s recovery.

This extended period below 50.0 reflects insufficient strength in buying activity to generate a sustainable uptrend. Unless TIA gains momentum and pushes the RSI above the critical threshold, the asset could continue to face resistance in its recovery attempts.

TIA Price Prediction: Breaking the Consolidation

Over the past four days, Celestia has achieved a 12% recovery. However, this gain only partially offsets the 18% correction recorded last week, leaving the asset vulnerable to further market pressure. The recovery, although promising, is far from confirming a reversal.

Even if TIA manages to recover its recent losses, a breakout seems unlikely in the short term. Market conditions and technical indicators suggest continued consolidation between $5.56 and $4.50. It has proven difficult to escape this range as bearish factors persist.

For Celestia to break out, it must first get $5.03 as a support floor. Only then can it aim to breach the resistance at $5.56, a level it has recently failed to surpass. Achieving this would pave the way for a rally toward $6.27, invalidating the neutral bearish outlook and restoring investor optimism.