Cryptocurrency Celestia (TIA) has been one of the best-performing altcoin projects in the past six months, but an alert has been issued. Accordingly, there is a possibility of a 40% decline in the altcoin. This situation could also bring a buying opportunity for investors, so it is beneficial for them to follow the price movements in Celestia.
Celestia (TIA) Altcoin Price
The price of altcoin Celestia (TIA) is showing signs of being closer to triggering a rally. However, TIA bulls may face a decline before initiating an explosive upward movement. The price movements of Celestia between January 15 and February 20 ranged from $13.88 to $20.33.
Recently, the altcoin TIA has been moving horizontally above the daily support level of $18.23. Investors may expect the altcoin to reach the midpoint of the range at $17.11. This could also be a buying opportunity for sidelined buyers. An entry into the altcoin at this level could bring significant profits if the price rises.
The Awesome Oscillator (AO) has already turned negative and is hovering near zero. This indicates a struggle between bulls and bears. The Relative Strength Index (RSI) is also showing a similar, albeit uncertain, view. Both indicators support the potential for a correction if it occurs.
Which Levels Should Be Watched?
When the Celestia altcoin price last flipped the midpoint of the range, it catalyzed a 22% upward movement. Therefore, a sweep of the average level at $17.11 followed by a quick recovery could indicate that TIA is poised for a rapid ascent soon.
However, it is not very likely that the altcoin will stop at the high range of $20.33. Potentially, it could surpass this barrier and tag the 161.8% Fibonacci Extension level at $24.31. This move would mean a 40% rally for TIA holders.
On the other hand, if the Celestia altcoin price fails to rise above $17.10, it will indicate weakness. If TIA turns this level into a resistance, it will invalidate the bullish thesis by producing a lower level. In such a case, the altcoin TIA could drop by approximately 9% and test the next lowest level at $15.58.
