Flow

Celestia

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/celestia-price-rises-as-market-recovers/" data-wpel-link="internal">Celestia Price Rises as Market Recovers</a> 
In the last 24 hours, the overall <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a> recovery has led to a rise in Celestia‘s (TIA) price, recovering some of yesterday’s losses. Although TIA bulls initiated a significant rally, taking advantage of Bitcoin’s (BTC) price retesting the $55,000 level, this rally currently faces heavy bearish pressure. Fundamentally, Celestia is performing strongly, but technical indicators show that returning to previous peaks will be a challenging struggle for the <a href="https://en.coin-turk.com/xrp-value-skyrockets-ahead-of-anticipated-hinman-documents-release/" data-wpel-link="internal">altcoin</a>. 
<h2 style="text-align: justify" id="strong-celestia-price-analysis-and-technical-indicators-strong">Celestia Price Analysis and Technical Indicators</h2> 
TIA‘s price rose by 9.3% in the last 24 hours, reaching 4.88. While bulls are trying to push the price higher, bears’ intense pressure keeps the altcoin’s price in a critical zone. The current trend of TIA’s price is downward, and moving averages confirm this decline. The last small green candlestick indicates increased volume, suggesting a potential short-term reversal. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-377423" src="https://coin-turk.com/wp-content/uploads/2024/08/Celestia-TIA-Altcoin.jpeg" alt="" width="1280" height="538"> 
TIA’s price has been in a consolidation zone for the last 42 days and is currently at the lower boundary of this range. The 50-day EMA is at $6,370, and the 200-day EMA is at $9,426. Both EMAs are above the current price, confirming the downtrend. There is significant support around 4.5, and the first major resistance is around 7.4. The 50-day EMA at $6,370 acts as resistance, while the main resistance zone is between $8 and $8.5. 
The altcoin’s Relative Strength Index (RSI) is at 38.41, close to the oversold region but not yet there, indicating potential for a short-term bounce. The Chaikin Money Flow (CMF) indicator is at -0.10, showing capital outflow from Celestia and the presence of selling pressure, although this pressure is not very strong. 
<h2 style="text-align: justify" id="strong-bull-catalysts-for-the-altcoin-strong">Bull Catalysts for the Altcoin</h2> 
According to Coinalyze <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a>, Celestia’s Open Interest (OI) increased by 10.14% in the last 24 hours. Considering this increase along with the recent price rise, it can be said that market participants are buying TIA, which is a positive indicator for the asset. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-377424" src="https://coin-turk.com/wp-content/uploads/2024/08/Altcoin-Acik-Faiz.jpeg" alt="" width="1280" height="199"> 
According to data from CoinGecko, TIA’s daily trading volume increased by 31%, indicating increased trading activity, and if this is sustainable, the rise is expected to continue. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/celestia-price-rises-as-market-recovers/" data-wpel-link="internal">Celestia Price Rises as Market Recovers</a></h5>
The post <a href="https://en.coin-turk.com/celestia-price-rises-as-market-recovers/" data-wpel-link="internal">Celestia Price Rises as Market Recovers</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Celestia Price Rises as Market Recovers

Table of Contents

COINTURK NEWS

Other articles published on Aug 6, 2024

BlackRock Did Not Sell During Crypto Market Crash: Details

Coinbase Shifts Galxe Tokens to Gravity

Crypto Investors Rush To Accumulate New Dogecoin (DOGE) Competitor

Palantir’s AI Evolution: Strategic Shift or Marketing Ploy?

Bitcoin Dips Below $50,000, Meme Coins Hit Hard

Clicker games to fade post-airdrop, Is Hamster Kombat any good? Web3 Gamer

Join our free newsletter for daily crypto updates!