The post Celestia Price Reclaims $5 But Can It Escape The Death Cross? appeared on BitcoinEthereumNews.com.

Celestia (TIA) has struggled to regain its footing following a failed breakout above $5.50 last week. The altcoin’s price fell by 18%, and although it has since attempted a recovery, broader market conditions remain unsupportive.  This resistance raises concerns about TIA’s ability to sustain upward momentum in the short term. Celestia Faces Bear Trend Celestia’s moving averages are currently forming a Death Cross, a bearish indicator that signals a potential downside. This pattern has plagued TIA throughout much of 2024 but briefly shifted when the Golden Cross appeared at the start of December. However, this bullish trend was short-lived, and by the end of the month, the Death Cross had returned. Despite the ongoing recovery, the expanding Death Cross suggests further declines may be imminent. The continued bearish crossover highlights waning investor confidence, posing a challenge for TIA to sustain any meaningful upward movement without stronger market support. Celestia Death Cross. Source: TradingView The macro momentum for Celestia reveals additional challenges. The Relative Strength Index (RSI) has remained below the neutral 50.0 line for the past month, signaling weak bullish momentum. While the RSI has shown some improvement recently, its inability to move above the neutral zone highlights the fragile state of TIA’s recovery. This prolonged period under 50.0 reflects insufficient strength in buying activity to drive a sustained uptrend. Unless TIA gains momentum and pushes the RSI above the critical threshold, the asset could continue facing resistance in its recovery attempts. Celestia RSI. Source: TradingView TIA Price Prediction: Breaking Consolidation Over the last four days, Celestia has achieved a 12% recovery. However, this gain only partially offsets the 18% correction experienced last week, leaving the asset vulnerable to further market pressures. The recovery, while promising, falls short of confirming a reversal. Even if TIA manages to recover its recent losses, a…

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Filed under: News - @ January 13, 2025 1:06 am