Celestia (TIA) has surged by 21% over the past four days, sparking interest in the sustainability of this upward trend. While the rise is promising, shifts in key indicators raise questions about its strength.

TIA is gaining momentum without entering overbought territory, indicating room for further growth. Additionally, the EMA lines currently show a neutral stance. As market conditions evolve, keeping a close eye on these indicators will be essential to determine if TIA can maintain its recent gains.

TIA ADX Raises an Important Question About the Current Uptrend

Although the TIA price has risen 21% in the last four days, it’s important to check the current trend. The Average Directional Index (ADX) for TIA is currently at 21.33, down from 40.81 just three days ago. This decline suggests that the strength of the current trend is weakening, indicating that the upward momentum may not be as strong as it appears.

ADX readings above 25 typically indicate a strong trend, while values below 20 signal a weak trend. The ADX measures the strength of a trend regardless of its direction, with thresholds of 0-25 indicating a weak trend, 25-50 indicating a strong trend, and above 50 signaling an extremely strong trend.

Read More: 11 Cryptos To Add To Your Portfolio Before Altcoin Season

Given that TIA is presently in an uptrend, the recent drop in ADX raises concerns about potential instability. As such, it’s crucial to continuously monitor the ADX to assess whether this upward momentum can be sustained and if the price will keep growing.

With the ADX at 21.33, it’s positioned on the cusp of a weak trend, highlighting the importance of vigilance in observing how market conditions evolve in the coming days. This will help determine if TIA can maintain its recent gains or if a pullback is imminent.

Celestia RSI Is Far From Overbought State

TIA’s Relative Strength Index (RSI) is currently at 56.89, rising from roughly 31 just three days ago. This significant increase matters because it suggests a shift in momentum. That indicates that TIA price is gaining strength after a period of relative weakness.

The RSI is a momentum oscillator that measures the speed and change of price movements, ranging from 0 to 100. An RSI below 30 generally indicates an oversold asset, while an RSI above 70 suggests it’s overbought.

TIA’s current RSI of 56.89 comfortably stays below the overbought threshold. That implies that there is potential for further price growth. Monitoring the RSI closely will provide insights into whether TIA can sustain this positive trend without entering an overbought condition.

TIA Price Prediction: A Potential 26% Rise Next?

TIA’s Exponential Moving Average (EMA) lines are currently looking neutral, with short-term lines on the rise and nearing a crossover above the long-term lines. This indicates that recent price action is becoming more bullish, suggesting a potential shift in momentum.

If the short-term EMA lines cross above the long-term lines, they will form a “golden cross,” a pattern often linked to the start of a strong uptrend. This signals that recent prices are gaining momentum relative to the longer-term trend, which can boost investor confidence.

EMA lines, unlike simple moving averages, give more weight to recent prices, making them more responsive to new information. This responsiveness can provide early signals of trend changes, making the golden cross an important indicator for potential price growth.

Read more: 10 Best Altcoin Exchanges In 2024

If TIA does indeed experience an uptrend following a golden cross, the next resistance levels to watch will be at $6.49 and $6.60. If those levels are broken, TIA could potentially rise even further to test $6.89, indicating a possible 26% growth from current levels.

Conversely, if the anticipated uptrend does not materialize and a downtrend occurs instead, TIA’s price could test $5.19 as a support level. Should this support fail to hold, the price could decline further to around $4.49, representing a potential 18% drop.

Despite Bitcoin’s (BTC) price increase in the last 24 hours, key market indicators are flashing caution, suggesting that the coin may face significant hurdles in reaching the $70,000 mark. This development is contrary to the expectations investors have about the coin this month.

Though Bitcoin’s price has surpassed the $63,000 level again, this analysis discloses the reasons why investors should take these warning signs seriously.  

On-Chain Metrics Flash Warning Signs for Bitcoin

One key metric supporting a Bitcoin price retracement is the Network Value to Transactions (NVT) ratio. The NVT ratio shows if the market cap is growing faster than a cryptocurrency’s transaction volume.

When the NVT ratio decreases, transaction volume is growing higher than the market cap. In most cases, this is bullish for the price. On the other hand, a rising NVTV ratio indicates that the Bitcoin network is overhead as the market cap outpaces the volume.

As of this writing, Glassnode data shows that the ratio has increased recently. This suggests potential overvaluation, indicating a possible short-term Bitcoin price correction.

Read more: 5 Best Platforms To Buy Bitcoin Mining Stocks After 2024 Halving

This outlook is enhanced by the Short-Term Holder-Spent Output Profit Ratio (STH-SOPR). This metric measures the behavior of short-term investors, indicating whether they are selling at a profit or a loss.

When the STH-SOPR is below 1, investors are selling at a loss. On the other hand, when the metric is below 1, investors are selling at a profit. However, as of this writing, the ratio is exactly 1, suggesting that the volume sold at a loss and in profit matched one another.

Considering the impact on Bitcoin’s price, this development implies that the coin could keep swinging sideways. However, a potential Bitcoin rally toward $70,000 could be implausible.

BTC Price Prediction: Coin Could Go Below $60,000

On the daily chart, Bitcoin’s price is currently $62,856, an increase from 24 hours ago. However, the Money Flow Index (MFI) shows that capital flowing into the cryptocurrency has decreased.

The MFI is a technical indicator that uses price and volume to check the level of buying and selling pressure in the market. When the MFI increases, more liquidity is flowing, and the price can increase.

Since the indicator’s reading dropped,  it implies that investors are cashing out on recent gains, which could halt the price increase. If this remains the same, BTC’s price might decrease to $59,978.

Read more: 7 Best Crypto Exchanges in the USA for Bitcoin (BTC) Trading

However, if investors stop distributing and start accumulating in large numbers, the coin might appreciate toward $66,527 and eventually $70,000. 

Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure.

Here’s the latest in the DePin sector: Bitget Wallet integrated the AI data protocol Grass, InFlux Technologies and Akash teamed up to launch a Web3 advocacy group, and Chirp is currently developing a new play-to-earn (P2E) game.

Bitget Wallet Partners with Grass

According to an October 3 press release, Bitget Wallet, a Web3 non-custodial wallet that’s grown quickly thanks to TON integration, has announced a new partnership. Bitget Wallet is integrating with Grass, an AI data protocol that allows users to trade unused bandwidth for token rewards, which is then used to train AI models.

Read more: What Is DePIN (Decentralized Physical Infrastructure Networks)?

Grass is now live as a decentralized application (DApp) on Bitget Wallet, designed to simplify the user experience. This is crucial for Grass, as it aims to collect vast amounts of data to train future AI projects. Alvin Kan, COO of Bitget Wallet, highlighted the collaboration’s benefits, emphasizing the streamlined approach for users and the potential for AI advancements.

“Our goal at Bitget Wallet is to offer our users simple yet powerful ways to take part in the Web3 ecosystem. Grass is a great example of how users can earn rewards by doing something easy while also contributing to the future of AI. This integration demonstrates our commitment to making Web3 accessible and beneficial for everyone,” said Kan.

InFlux and Akash Launch a Web3 Advocacy Group

Another announcement from InFlux Technologies (Flux) and growing cryptocurrency network Akash has shown a different kind of potential. These two companies have not come together for a physical or digital infrastructure mission but rather a regulatory one. According to their press release, Flux and Akash Network are launching a Web3/DePin advocacy group.

Both companies have similar backgrounds: Akash calls itself “Airbnb for data centers,” while Flux “bridges the infrastructure gap” with decentralized cloud solutions. Their new advocacy group will focus on US regulation, engaging with lawmakers and government agencies.

However, these goals are not the only focus. Flux and Akash have expressed a desire to build education and awareness for the DePin ecosystem and bring other firms into their alliance. In short, the new group wants to build a framework for future collaboration in the growing DePin scene and bring the whole space forward.

Chirp Teases New P2E Game

Chirp, a DePin network and Internet of Things ecosystem, has announced the development of a new play-to-earn game. The game will utilize the Sui network and offer users the opportunity to earn CHIRP rewards.

The project invites players to “focus on scanning and detecting wireless signals,” but has not revealed specific details. Chirp stated that the game will integrate with its built-in wallet, allowing users to claim and earn Chirp tokens. However, beyond these highlights, few additional details about the game have been made publicly available.

Read more: Tap-to-Earn: What to Know About the Crypto GameFi Trend

In short, the DePin ecosystem is full of new activity in early October. The word of the day is apparently “partnership,” and new collaborative projects are declaring ambitious goals. The DePin ecosystem may not be as well-established as the other sectors of Web3, but new plans like these will help push it to the future.