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Celestia (TIA) Maintains Bullish Momentum

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TIA is exhibiting strong bullish momentum, finding support at key technical levels despite facing resistance from the daily Ichimoku Cloud.

Let’s closely examine the price action of TIA, one of the top-performing cryptocurrencies over the past several months.

TIA Experiences Rejection by Daily Ichimoku Cloud

The price of Celestia (TIA) is showing rejection from the upper boundary of the daily Ichimoku Cloud.

The Ichimoku Cloud is acting as resistance, with the price struggling to break above it. Additionally, the 100 EMA (Blue line) at $12.03 is serving as a mid-term resistance level.

The price is currently hovering around $10.73, indicating it is struggling to break both the Ichimoku Cloud and the 200 EMA (in Green).

Celestia Price Action (1D). Source: TradingView
Celestia Price Action (1D). Source: TradingView

The current price level of $10.73 is below the 100 EMA, suggesting resistance at $12.03. A successful breakout above the 100 EMA could lead to the price testing the 200 EMA and potentially moving above the Ichimoku Cloud, signaling a bullish momentum.

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The price of TIA has recovered 46% from its local low of $7.30 set in mid-April, showcasing strong bullish momentum.

Despite the recovery, the price is struggling to break through the Ichimoku Cloud and the 4-hour 200 EMA, indicating significant resistance at these levels.

Support and Resistance Zones Highlighted by Volume Profile

The chart’s volume profile on the right side represents the trading volume at various price levels over a given period.

The areas around $10.50 and $12.00 show higher trading volumes. This suggests these levels are critical points where buyers and sellers have been most active, providing strong support and resistance.

TIA Volume Profile (1D). Source: TradingView
TIA Volume Profile (1D). Source: TradingView

The gaps or lighter areas in the volume profile indicate less trading activity, which, due to lower liquidity, often leads to faster price movements through these levels.

Volume Profile Shows TIA Approaching Low Liquidity Zone

The 4-hour chart indicates a bullish sentiment in the mid-term, with the price finding strong support at the lower boundary of the 4H Ichimoku Cloud.

TIA is currently heading towards the upper boundary of the 4H cloud. However, significant resistance levels are expected at the daily EMA lines depicted in the 1-day chart.

Celestia Price Action (4H). Source: TradingView
Celestia Price Action (4H). Source: TradingView

The 4-hour chart indicates a bullish sentiment in the mid-term, with the price finding strong support at the lower boundary of the cloud.

The 4H EMAs are anchored at the lower boundary of the Ichimoku Cloud, providing crucial support levels. It could signal an imminent price drop if the price breaks below these EMAs. Traders should place stop losses wisely below these levels, considering their leverage to manage risk effectively

Volume Profile Indicates TIA Nearing Low Liquidity Zone

The uncolored areas in the volume profile indicate regions with high trading volume. These are critical levels where significant buying and selling have occurred, making them strong support and resistance zones.

TIA Volume Profile (4H). Source: TradingView
TIA Volume Profile (4H). Source: TradingView

$10.40 – $10.60: This range has witnessed substantial trading activity, suggesting it is a significant support zone. The price recently rebounded from this area, reinforcing its importance.

$11.00 – $11.20: Another high volume area that the price is currently approaching. This zone is likely to act as a formidable resistance level.

The price is approaching a critical zone that could be easily broken due to its low liquidity. The $10.90 to $11.00 range is a crucial area to monitor.

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A breakout from this zone is likely to propel the price towards exiting the 4-hour Ichimoku Cloud or at least testing its upper boundary.

Strategic Recommendations

The price of Celestia (TIA) faces rejection from the upper boundary of the daily Ichimoku Cloud, indicating resistance. If Bitcoin reaches an all-time high in the mid-term, the upward movement is expected to continue rising to $11.50.

The 100 EMA at $12.03 is also serving as a mid-term resistance level.

The 4-hour chart indicates a bullish sentiment in the mid-term, with the price finding strong support at the lower boundary of the 4-hour Ichimoku Cloud and the 4-hour EMAs.

TIA is heading towards the cloud’s upper boundary, but significant resistance is expected at the daily EMA lines.

Consider placing stop losses just below the 4H EMAs to manage risk effectively. This is particularly important if the price breaks below these EMAs, as it could signal an imminent price drop.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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XRP Price Ready to Rally? Signs Point to a Bullish Move

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he’s trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush’s journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he’s poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush’s unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.



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Solana (SOL) Rallies Strongly, Setting Sights on $200

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Solana started a fresh increase above the $172 support zone. SOL price is rising and might soon aim for a move toward the $200 level.

  • SOL price started a fresh increase after it settled above the $165 level against the US Dollar.
  • The price is now trading above $172 and the 100-hourly simple moving average.
  • There was a break above a key bearish trend line with resistance at $162 on the hourly chart of the SOL/USD pair (data source from Kraken).
  • The pair could continue to rise if it clears the $192 resistance zone.

Solana Price Starts Fresh Rally

Solana price formed a support base and started a fresh increase above the $162 level like Bitcoin and Ethereum. There was a strong move above the $165 and $172 resistance levels.

There was a break above a key bearish trend line with resistance at $162 on the hourly chart of the SOL/USD pair. The price even cleared the $185 level. A high is formed at $192 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $155 swing low to the $192 high.

Solana is now trading above $172 and the 100-hourly simple moving average. On the upside, the price is facing resistance near the $192 level. The next major resistance is near the $195 level.

Solana Price

The main resistance could be $200. A successful close above the $200 resistance level could set the pace for another steady increase. The next key resistance is $212. Any more gains might send the price toward the $220 level.

Another Dip in SOL?

If SOL fails to rise above the $192 resistance, it could start a downside correction. Initial support on the downside is near the $188 level. The first major support is near the $180 level.

A break below the $180 level might send the price toward the $172 zone or the 50% Fib retracement level of the upward move from the $155 swing low to the $192 high. If there is a close below the $172 support, the price could decline toward the $165 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

Major Support Levels – $188 and $185.

Major Resistance Levels – $192 and $200.



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Will Bulls Push It Higher?

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Este artículo también está disponible en español.

Ethereum price started a fresh surge above the $2,650 resistance. ETH is up over 10% and might aim for a move above the $2,850 resistance.

  • Ethereum started a fresh surge above the $2,650 resistance zone.
  • The price is trading above $2,700 and the 100-hourly Simple Moving Average.
  • There is a new connecting bullish trend line forming with support at $2,730 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair could continue to rise if it settles above $2,850 and $2,880.

Ethereum Price Extends Surge

Ethereum price started a fresh increase above the $2,550 resistance like Bitcoin. ETH was able to climb above the $2,550 and $2,650 resistance levels to move into a positive zone.

It even surged above the $2,720 level in the past few sessions, beating BTC. It is up over 10% and there was a move above $2,800. A high is formed at $2,848 and the price is showing signs of more upsides. It is holding gains above the 23.6% Fib retracement level of the upward move from the $2,357 swing low to the $2,848 high.

Ethereum price is now trading above $2,700 and the 100-hourly Simple Moving Average. There is also a new connecting bullish trend line forming with support at $2,730 on the hourly chart of ETH/USD.

On the upside, the price seems to be facing hurdles near the $2,850 level. The first major resistance is near the $2,880 level. The main resistance is now forming near $2,950. A clear move above the $2,950 resistance might send the price toward the $3,000 resistance.

Ethereum Price
Source: ETHUSD on TradingView.com

An upside break above the $3,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,250 resistance zone.

Are Dips Supported In ETH?

If Ethereum fails to clear the $2,850 resistance, it could start a downside correction. Initial support on the downside is near the $2,800 level. The first major support sits near the $2,720 zone and the trend line.

A clear move below the $2,720 support might push the price toward $2,650. Any more losses might send the price toward the $2,550 support level in the near term. The next key support sits at $2,500.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSIThe RSI for ETH/USD is now above the 50 zone.

Major Support Level – $2,850

Major Resistance Level – $2,720



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