Celestia (TIA) has shown a recent recovery, reaching $ 3.60 after an increase of 31% in the last 48 hours. This price action helped Altcoin recover most of its recent losses.
However, despite the positive movement, other gains could be difficult, because the signs indicate potential consolidation in the near future.
Celestia is heading in any direction
Bollinger’s bands are getting closer, reporting that the volatility of Celestia’s price could end. Historically, these compressions have often been followed by price stabilization periods, where the price moves to the side.
This suggests that although TIA has seen a positive movement, it may find it difficult to choose a short -term direction. Meanwhile, TIA could hover between the support and the resistance levels, awaiting stronger market clues to trigger a break in both directions.
In terms of Macro Momentum, the feeling of the Celestia market is influenced by the Silver Chaikin (CMF) flow, which has remained below the zero line in recent days. This indicator shows that Celestia capital inputs have been relatively low.
While the position of the CMF below the zero line generally signals a lower feeling, the absence of high volatility could prevent new drops. This lack of momentum can prevent the TIA from undergoing a clear drop, but it also limits its ability to rely on recent gains.
Tia Price needs a push
At the time of writing the editorial staff, Celestia’s price is stable at $ 3.60, comfortably above the level of support of $ 3.50. However, it is still under the resistance of $ 3.83, which has always been a difficult obstacle to Altcoin. Despite the 31% increase in the last 48 hours, this resistance can continue to make challenges for the upward movement of Celestia.
Given the current market conditions, Celestia is likely to cope with a fight under the resistance of $ 3.83. The price could consolidate between $ 3.83 and $ 3.50 until the stronger market signals cause an escape. The consolidation phase can maintain the price contained, delaying a new price movement at the moment.
On the other hand, if Celestia successfully crosses the resistance level of $ 3.83, it could open the way for additional recovery, which potentially increased the price to $ 4.50. A successful escape beyond this level would invalidate the harmful perspectives and could trigger a new growth phase for Celestia.
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