Celestia price could dip before TIA rallies 40%
|- 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
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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.