Key Takeaways
Celestia hit the ground rolling immediately after its launch in November 2023. February started positively, with the price hitting a new all-time high of $21.25, capturing the market’s attention.
However, everything has gone downhill since. The TIA price has corrected nearly 80% since its highs and is approaching a new all-time low.
Fast forward to 2025, and the price has consolidated under a diagonal resistance, creating some hope for an impending breakout.
However, the price has several resistances left to clear if it is to begin a new bullish trend reversal, casting doubt on a potential comeback.
The daily time frame chart shows that TIA has increased alongside an ascending support trend line since September 2024.
The trend line has been validated numerous times, especially since December. During this time, the Celestia price hovered just above the support trend line, and long lower wicks (white icons) were created once it reached it.
However, TIA has yet to begin an upward movement. On the contrary, it still follows a short-term descending resistance trend line (dashed).
It has to break out of it to confirm its reversal, which could take it to the next resistance at $7.30.
Technical indicators are turning bullish. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) have generated bullish divergences (green), which often precede price increases.
So, the daily analysis suggests a TIA breakout is the most likely future outlook, taking the price to $7.30.
The short-term wave count is bearish. It shows the TIA price completed an upward A-B-C correction (black) and followed that with a five-wave decline (white) since its December high of $9.29.
If this is the case, the price will begin a relief, A-B-C structure (black) that causes a breakout from the resistance trend line.
If Celestia breaks out, it will likely reach the 0.5 Fibonacci retracement resistance level at $6.80. If the increase is corrected, the price will create a lower high and fall, reaching new lows.
Conversely, closing above $6.80 will mean that the price has started a longer-term bullish trend reversal.
This seems unlikely because of the corrective structures in each price increase.
The Celestia price shows some bullish signs, primarily related to the bullish divergences developing in the RSI and MACD.
A breakout from its descending resistance trend line could catalyze a rally toward $6.80. Once the price is there, the reaction can help determine the direction of the future trend.