Celestia (TAI) Price Recovery Sparks Hope, But Negative Sentiment Looms

• TIA price jumps 18% to $3.3966, but remains below 50-day and 200-day EMAs, indicating resistance.
• RSI shows upward movement at 49.22, though technical indicators suggest mixed recovery signals.

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?

Source: TradingviewTo start a fresh bullish rally, the TIA price has to break above the $3.704 and $5.216 hurdles. The key indicator RSI also suggests some positiveness. The RSI curve is heading in the upper direction currently at 49.22 above the 14-day SMA curve. However, RSI didn’t show any sign of recovery as of now.

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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