CandleFocus Celestia (TIA) 27% Decline Leaves It Oversold, Setting Stage for Rebound
2024-11-04
Author: Content Editor
The price of Celestia (TIA) has decreased by 27% since October 25, erasing all the gains it made in September. The decrease in price can be attributed to factors such as rising selling pressure and the broader market condition. However, there are signs that the token could begin to recover. The Bollinger Bands on the daily chart indicate a slight contraction, suggesting that the decline may not continue to accelerate. Additionally, the price touching the lower band suggests that the token is oversold and may soon reverse upward. The Relative Strength Index (RSI) also supports this view. While the price might continue its downtrend and drop below $4.20, strong support at $4.12 could trigger a significant rebound. However, failing to hold above this support could result in further decline to $3.72.
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