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Celestia (TAI) Price Recovery Sparks Hope, But Negative Sentiment Looms
Celestia price has experienced a remarkable 18% price increase in the past 24 hours, bouncing back from crucial support levels. However, the price is still under the bears’ grip as it is trading below 50-day and 200-day EMA levels.
TIA price has been under bearish hold since last year. In early December 2024, buyers tried to rebound and touched a high of $9.25, breaking above the key EMAs. However, buyers failed to maintain the bullish momentum, and the price halted below 50 and 200-day EMAs again
As per the Tradingview data, the Celestia crypto price has been in bearish momentum for a prolonged time. Over the year, the TIA price decreased by 79.44%, and over three months, it grew by 52.89%. Last month, it increased by almost 8.94% and last week, it decreased by 1%.
According to CoinMarketCap data, at the time of writing, the TIA price is trading at $3.3966 with an intraday surge of 18%, indicating positive momentum. The 24-hour trading volume has decreased by 9.10%, and the volume-to-market ratio is 7.56%, suggesting good liquidity.
Will TIA Price Bounce Back?
Moreover, the trading view technical summary also supports the analysis and suggests selling signals. As per the technical summary of TIA, out of 26 indicators, 10 are on the sell side, 10 are on the neutral side, and 6 are on the buying side, suggesting bullishness.
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