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Celestia (TIA) Consolidates as Key Support Zone Holds Firm

Published
Nikola Lazic
Published
By Nikola Lazic
Edited by Ryan James

Key Takeaways

  • The price has completed a corrective W-X-Y-X-Z structure and is now consolidating. 
  • Early indications of a five-wave Elliott impulse are visible.
  • Momentum is still low, but more upside is expected in the short term

As the price of Celestia (TIA) finished its long-lasting correction, it entered a consolidation phase.

The daily time frame highlights the larger trend, characterized by a corrective structure, while the hourly time frame reveals a potential impulsive wave structure in its early stages.

TIA Price Analysis 

The daily chart reveals TIA’s progression through a multi-legged corrective pattern, completing a W-X-Y-X-Z structure.

The price entered a consolidation zone after the corrective phase culminated at $4.33.

This level aligns with a historically strong demand area, as evidenced by multiple bounces in the past year.

TIA price analysis
TIAUSD building momentum for a bullish reversal | Credit: Nikola Lazic/TradingView 

A descending trendline originating from the all-time high remains unbroken, acting as a dynamic resistance.

However, the Relative Strength Index (RSI) is rebounding from oversold conditions, indicating a potential shift in momentum.

The price’s higher low within the $4.33-$4.50 support range suggests accumulation, while a break above $5.49 (0.236 Fibonacci retracement) could trigger further bullish momentum.

The larger trend remains bearish unless the price decisively breaks the descending resistance and establishes itself above the $6.21 zone (0.382 Fibonacci retracement).

TIA Price Prediction 

The hourly chart offers a micro-view of the developing trend, showcasing early impulsive wave formations. Wave (i) appears nearly complete, with price action peaking near $5.65.

A corrective Wave (ii) is anticipated, likely retracing to Fibonacci levels between $5.49 (0.236) and $4.33, providing a potential reentry for bulls.

TIA price prediction
TIAUSD five wave impulse started | Credit: Nikola Lazic/TradingView 

Should this retracement materialize, Wave (iii) is expected to exhibit strong bullish momentum, targeting the $6.21-$6.79 range (0.382 and 0.5 Fibonacci extensions). Subsequent corrective Waves (iv) and (v) would likely consolidate and extend gains, culminating near $7.38 (0.618 Fibonacci retracement).

The RSI on the hourly time frame supports the outlook of a bullish continuation, as it remains in a rising trendline while avoiding overbought territory.

However, this structure would be invalidated if the price drops below the $4.98 zone, breaking the lower trendline and signaling a resumption of the bearish trend.

Key Levels to Watch

  • Immediate Resistance: $5.49 (0.236 Fibonacci retracement).
  • Secondary Resistance: $6.21 (0.382 Fibonacci retracement).
  • Critical Resistance: $8.21 (0.786 Fibonacci retracement).
  • Immediate Support: $5.49 (0.236 Fibonacci retracement of Wave (ii)).
  • Key Support: $4.33 (W-X-Y-X-Z termination point and daily demand zone).
  • Invalidation Zone: Below $4.98, confirming a bearish breakdown.
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.
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Nikola Lazic

Nikola Lazic is a cryptocurrency analyst and investor working in the industry since 2017. He holds a bachelor's degree in Sociology, which enables him to better understand the psychology behind the crowd´s positioning. Consequently his preferred analytical tool is Elliott Wave Theory in combination with price action analysis. Combining his experience in trading and investing with knowledge in content writing he strives to bring the most accurate and actionable information. Expertise: Cryptocurrencies, Technical analysis, Elliott Wave Theory, On-chain metrics, Research reports.
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