Key Takeaways
Celestia (TIA) has undergone a prolonged downtrend following its parabolic rise in February 2024.
The current price action signals potential exhaustion of the corrective structure, with a five-wave decline possibly reaching its terminal phase.
Higher and lower time frames indicate an emerging bullish setup if support holds and a break above key resistance levels occurs.
After a strong five-wave rally that peaked at $21.02, Celestia entered a large-scale W-X-Y corrective pattern that has spanned 432 days.
The second corrective leg (Y) appears to be concluding around a significant historical demand zone near $2.15, marking prior accumulation in late 2023, the all-time low.
The price has remained confined within a long-term descending resistance line since the top, testing it multiple times without a breakout.
However, the Relative Strength Index (RSI) is now hovering around the oversold region, suggesting momentum could be shifting as selling pressure weakens.
This $2.15–$2.30 support zone has historically acted as a springboard, and the current reaction—though subtle—could be the beginning of a larger reversal.
Any daily close above the descending trendline and a push beyond $4.38 would confirm a bullish reversal from the macro perspective, opening room to $7.66 as the next significant resistance.
Zooming into the 1-hour chart, TIA recently completed a five-wave decline from the $4.38 local high to the $2.15 area.
The move aligns with a textbook Elliott Wave impulse structure, culminating in wave (v) of C, suggesting the end of a larger ABC correction.
The price is now hovering near its corrective low, and the RSI shows bullish divergence, a classic early reversal signal.
Additionally, the current consolidation within the green demand zone hints at accumulation, with the potential for a rally if short-term resistance is broken.
A break above the $2.60–$2.70 mini-resistance zone could initiate a recovery, possibly extending toward $4.38 in a wave 1 of a new uptrend.
Momentum confirmation is still lacking, but a clean break of the descending trendline on the 1H chart would validate the bullish reversal.
However, failure to hold above $2.15 would invalidate the bullish outlook and could drag the price lower into a new price discovery phase.