Celestia Falls to Six-Month Low: Is More Downside Next?

Market Analysis Indicates Further Decline for Celestia Amidst Increasing Sell-Offs
Celestia Falls to Six-Month Low: Is More Downside Next?
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Celestia (TIA) has experienced a significant decline, dropping to $6.45, the lowest since December 2023. This downturn, characterized by a descending channel, reflects increasing selling pressure and a lack of buying momentum. The Relative Strength Index (RSI) at 25.8 indicates an oversold condition, suggesting potential for a rebound. However, futures open interest has also fallen, indicating traders are closing positions. If the bearish trend continues, TIA could fall to $6.02. Alternatively, breaking resistance could see a rise to $7.09.

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Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.

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