TIA’s price has shown signs of recovery, bouncing from a key support level after an extended downtrend. The token is up 13.74% today, trading at $3.51, while trading volume has surged by 74.67%. This increase in market activity follows a steep correction that saw TIA decline significantly from its previous highs.
Veteran analyst Crypto Rand commented on the price movement on X, noting, “After a massive correction, $TIA is finally bouncing and pushing for the bull reversal.” The price action aligns with this sentiment, as the chart suggests a potential shift in trend. However, key resistance levels remain unbroken, leaving market participants watching closely for confirmation.
TIA’s recent bounce came from the $2.50-$2.80 support zone, an area that previously held strong. If buyers maintain momentum, the next resistance zone between $4.2 and $4.5 will be critical for assessing whether a true reversal is underway.
Stronger resistance is positioned around $7.0 and $9.5-$10.0, where TIA’s price previously faced selling pressure. A breakout above these levels could indicate a more sustained uptrend. On the downside, if the price fails to hold current levels, a retest of $2.50 or even a deeper drop toward $2.00 remains possible.
Although the token has rebounded, the broader trend is still bearish, as seen in the formation of lower highs and lower lows since April. The descending trendline continues to act as resistance, and TIA’s price has yet to break above this level.
Market momentum appears to be increasing, with buyers stepping in at lower levels, as indicated by the presence of lower wicks in the support zone. However, confirmation of a trend reversal would require a decisive breakout above $4.2, followed by sustained support above that level.
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While the recent price action suggests renewed buying interest, traders remain cautious as TIA approaches key resistance. A successful breakout could push the price toward $4.5 and beyond, while rejection at this level could result in another downturn.
Investors will be watching whether the increased trading volume and Celestia’s price surge translate into continued bullish momentum. Until TIA breaks out of the downtrend, market sentiment remains mixed, with traders weighing the potential for a sustained recovery.
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The post Celestia (TIA) Price Shows Signs of Recovery – Could a Reversal Be Next? appeared first on CaptainAltcoin.