Celestia (TIA) token was one of the most promising tokens in the crypto market before it became burdened with the downturn. At one point within a year, the price was reduced from $21 to less than $2. In this article, we will comprehensively explore the decline, recent resurgence, and price predictions.
Prolonged Loses for Celestia (TIA)
For the past year, Celestia has been one of the tokens that has been unprofitable for many traders, declining by an atrocious percentage. According to data from CoinMarketCap, this token’s monthly chart shows a decline of more than 20%. Moreover, the highest price of the token within this time frame was $8.85, while the lowest price was $4.085.
Furthermore, on the 90-day data, things even get worse. There’s been a decline of more than 37%, with the price of this token moving from a high of more than $12 to less than $4 at one point. In fact, the YTD data of this token is also not good. There’s been an over 50% decline, with a price decline from over $20 to about $1 at one point.
New Outlook After Recent 25% Resurgence
Despite the massive losses recorded in the past months, Celestia seems to be making a resurgence in the crypto market, judging by the weekly chart. Apparently, there’s an increase of more than 25%. According to data from CoinMarketCap, the highest price within this period was $7.56, while the lowest price was $4.15.
That’s a massive price difference between the lowest and highest price level. Also, within this period, the market cap of this token has increased from less than $900 million to over $1.4 billion. Celestia’s technical indicators show that its market pattern could be at a time for investors to buy in. There is a chance that the price could increase by 30.38% and reach $ 8.68 by July 15, 2024. But this is just speculation and not financial advice.
Celestia (TIA) Price Prediction
According to data from Coincodex, there are expectations for this token to increase by 229.45% and reach $ 21.94 by August 9, 2024. From several technical indicators, the current sentiment is Neutral, while the Fear & Greed Index is showing 28 (Fear). Celestia’s price chart indicates a 12/30 (40%) green day with 16.38% price volatility over the last 30 days.
At the time of writing, Celestia has support levels of $ 6.38, $ 5.54, and the strongest at $ 5.08. Furthermore, the token also has resistance levels that include $ 7.68, $ 8.13, and $ 8.98. Indeed, there are also predictions that Celestia’s 200-day SMA will drop in the next month. If this is to happen, we could see the price of this token hit $ 12.12 by Aug 09, 2024.
Conclusion
Celestia token seems to be making an impressive resurgence in the crypto market, with the price increasing by more than 25% in the past week. But before this, this token was ridiculed with massive declines, decreasing by over 37% in the 90-day data and over 50% in the YTD data. However, the price prediction for this token shows a positive outlook. The price could increase by 229.45% and reach $21.94 by August 9, 2024. But this is just speculation.
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The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
