Celestia's Bearish Outlook Persists Despite 12% TIA Price Recovery

In Brief:

Celestia (TIA) has recovered 12% in the past four days, following an 18% correction last week.

A Death Cross formation continues to signal bearish momentum, while RSI remains below the neutral 50.0 line.

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Bear Trend Challenges Celestia

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Celestia's moving averages are locked in a Death Cross, a bearish signal indicating potential downside pressure. After a brief bullish shift with a Golden Cross in December 2024, the trend reversed by the month's end, marking a return to sustained bearish conditions.

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While the Relative Strength Index (RSI) shows slight improvement, its prolonged position below the neutral 50.0 line reflects weak bullish momentum. This suggests insufficient buying activity to support a strong recovery.

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Price Consolidation Ahead

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Despite recent gains, TIA's 12% recovery only partially offsets the previous week's 18% correction. Celestia’s price remains stuck in a consolidation range between $5.56 and $4.50. Technical indicators suggest further resistance, with $5.03 needing to hold as a support level before any meaningful breakout can occur.

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For TIA to shift toward a bullish trajectory, it must break above the $5.56 resistance and aim for $6.27. Until then, bearish-neutral sentiment is expected to dominate.

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