Celestia (TIA), one of the most popular coins of recent times, lost nearly 22 percent of its value in just two days and raised a red alarm.
TIA, which took off shortly after being listed on various stock exchanges, reached an incredible volume and tripled its price. However, the breakout of the rising wedge and the downward wicks of BTC shook the parity. The popular coin, which started to decline especially as the technical structure turned negative, made its name at the top of the “Top Losers” list with a 13.77 percent decrease in the last 24 hours.
Can the decline on the TIA side continue? Or can it take the wind from these levels and launch an attack again?
A new sales wave may be triggered!
TIA, which has been rising breathlessly since its launch, has finally given a correction. The popular coin, which quickly adapted to the increase in BTC, has been losing value since $ 7.40. As of the writing of the news, TIA found buyers at $ 5.71 and will trigger a new sales wave if it falls below $ 5.35. In such a case, a drop to $4.94 can be followed.
A recovery of TIA’s early enthusiasm or a move by BTC towards $40,000 will strengthen the pair. In such a scenario, the target levels are 6.10 – 6.43 – 6.82 and 7.40 dollars respectively. However, not only fundamental-technical analysis but also onchain data will be of critical importance in this process.
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