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    Celestia price could dip before TIA rallies 40%

    Source Fxstreet
    Feb 20, 2024 05:24
    • 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.
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