TIA completes A-B-C correction and signals upside | Credit: Hameem Sarwar
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Key Takeaways
TIA’s price has completed a three-wave A-B-C correction, signaling the end of a downtrend.
TIA’s price analysis shows a bullish bias with +DMI rising to 34.76 and -DMI falling to 15.50
TIA is testing the upper trendline of a descending triangle that could lead it above $2.25.
TIA, the cryptocurrency issued by modular blockchain network Celestia, has recorded a 15% price increase over the past seven days. As a result of this move, the Celestia crypto price is closing in on $2, a level last seen one month ago.
While TIA’s price has flashed similar signals several times, some were false breakouts. In this case, several indicators reveal that TIA might defy the odds and climb higher in the short term.
Celestia Reclaims Market Interest
Unlike two weeks ago, when the Celestia crypto price crashed to an all-time low, the trend has changed. Today, TIA’s price has increased 23% from that level as indicators reveal that the altcoin could move higher.
As of this writing, TIA’s price has completed a three-wave A-B-C correction, indicating that the downturn might be over. Following this, the Bull Bear Power (BBP) has stood above the zero line.
This rise in the BBP reading indicates buying pressure, suggesting that bears are out of the way. If sustained, this could put bulls in complete control while driving TIA’s price higher in the long run.
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Interestingly, this is the second A-B-C Elliot Wave correction that TIA has experienced lately. A similar thing occurred some weeks back, but TIA’s price could not capitalize on that.
However, it might not be the same this time, as the Directional Movement Index (DMI) seems to support the uptrend. As seen below, the -DMI (red) has dropped to 15.50 while the +DMI (blue) has risen to 34.76, indicating a stronger directional movement to the upside.
If sustained, the Celestia crypto price might break the resistance at $1.81 while aiming to rise past $2.25.
TIA Price Analysis: Resistance Fades
The daily chart shows that TIA is confined in a descending triangle regarding the short-term price action. As seen below, TIA’s price holds horizontal support at $1.28.
At the same time, the altcoin’s current value appears to be flirting with the upper trendline of the descending triangle. In supporting this movement, the Chaikin Money Flow (CMF) has broken its previous downward trend.
The upward movement indicates rising buying pressure but not above the zero signal line. If sustained, the Celestia crypto price might rise past the upper trendline of the falling channel.
Should this be the case, TIA might rise above $2.25; the next primary target could be around $3.07. Meanwhile, if the CMF fails to rise above the zero signal line, this prediction might not happen.
In that scenario, the cryptocurrency’s market value might drop to a new all-time low of $1.20. A highly bearish scenario could see the altcoin’s price decline below $1.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
