Celestia price could dip before TIA rallies 40%

Source Fxstreet
  • Celestia price consolidation could lead to a quick 40% breakout rally soon.
  • Investors could get an opportunity to accumulate TIA at a discount before the uptrend kickstarts.
  • A 12-hour candlestick close below $18.23 will invalidate the bullish thesis for TIA.

Celestia (TIA) price shows signs that it is closer to triggering a rally. But there might be a dip before the TIA bulls kickstart an explosive move to the upside.

Also read: Celestia Price Prediction: TIA consolidation could lead to 20% rally and new all-time highs

Celestia price ready to move

Celestia price action between January 15 and February 20 has resulted in a $13.88 to $20.33 range. Recently, however, TIA has been moving sideways above the daily support level at $18.23. Investors can expect the altcoin to sweep the range’s midpoint at $17.11, which could be a buying opportunity for sidelined buyers.

The Awesome Oscillator (AO) has already flipped negative and is hovering close to the zero level, indicating a struggle between the bulls and the bears. The Relative Strength Index (RSI) also shows a similar, though uncertain, outlook; both indicators support a potential correction if it occurs.

Interestingly, the last time Celestia price flipped the range’s mean, it catalyzed a 22% move to the upside. So, a sweep of the mean level at $17.11 followed by a quick recovery could see TIA fly soon.

But the altcoin is unlikely to just stop around the range high of $20.33, it could potentially overcome this barrier and tag the 161.8% Fibonacci Extension level at $24.31. This move would constitute a 40% rally for TIA holders.

Also read: Celestia price at pivotal point, TIA could rally nearly 40% if these conditions are met

TIA/USDT 12-hour chart

TIA/USDT 12-hour chart

On the other hand, if Celestia price fails to recover above $17.10, it will indicate weakness. If TIA flips this level into a resistance level, it will invalidate the bullish thesis by producing a lower low.

In such a case, TIA could crash nearly 9% and tag the next key swing low at $15.58. 

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Gold Price Trend Forecast: June CPI Plus Fed Chair Congressional Testimony, Can Gold Price Hold Above $4,000?As of the Asian session on July 14, gold ( XAUUSD) prices consolidated around the $4,000 mark, briefly slipping below $4,000 intraday to hit a low of $3,983.23. Looking at the market acti
Author  TradingKey
13 hours ago
As of the Asian session on July 14, gold ( XAUUSD) prices consolidated around the $4,000 mark, briefly slipping below $4,000 intraday to hit a low of $3,983.23. Looking at the market acti
placeholder
WTI spikes amid escalating Middle East TensionsWest Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $79.60 per barrel during the Asian hours on Tuesday. Crude oil prices rise due to mounting supply anxieties following a sharp escalation of geopolitical hostilities in the Middle East.
Author  FXStreet
19 hours ago
West Texas Intermediate (WTI) oil price extends its gains for the second successive day, trading around $79.60 per barrel during the Asian hours on Tuesday. Crude oil prices rise due to mounting supply anxieties following a sharp escalation of geopolitical hostilities in the Middle East.
placeholder
US June CPI Preview: Can Cooling Inflation Open Up Fed Rate Cut Expectations? How Will US Stocks, the Dollar, and Gold React?The United States will release June Consumer Price Index (CPI) data this Tuesday, which is one of the most critical macroeconomic events in global financial markets this week. As US infla
Author  TradingKey
Yesterday 10: 21
The United States will release June Consumer Price Index (CPI) data this Tuesday, which is one of the most critical macroeconomic events in global financial markets this week. As US infla
placeholder
WTI Crude Oil Price Forecast: US-Iran Conflict Escalates, Oil Price Rally Targets $80As of the early Asian trading session on July 13, WTI crude oil ( USOIL) prices surged. Affected by the escalation of the US-Iran conflict over the weekend, the market has re-incorporated
Author  TradingKey
Yesterday 07: 10
As of the early Asian trading session on July 13, WTI crude oil ( USOIL) prices surged. Affected by the escalation of the US-Iran conflict over the weekend, the market has re-incorporated
placeholder
Gold slides back closer to $4,050 as Iran risks and Fed hike bets boost USDGold (XAU/USD) opens with a modest bearish gap at the start of a new week and slides back closer to the $4,050 level during the Asian session.
Author  FXStreet
Yesterday 07: 04
Gold (XAU/USD) opens with a modest bearish gap at the start of a new week and slides back closer to the $4,050 level during the Asian session.
goTop
quote