Celestia (TIA) Rebounds 13% as Upbit Listing Sparks Momentum Can Bulls Retain Control?
- Celestia (TIA) dropped 35% in a week, but analysts predict a sharp reversal.
- On-chain data signals bullish divergence for TIA, pointing to a potential recovery.
Celestia (TIA), the native token of the modular blockchain network, rebounded sharply with a 13% surge after sustained bearish pressure. This upswing follows a significant listing announcement by South Koreas largest exchange, Upbit, which confirmed support for TIA in BTC, USDT, and KRW trading pairs. The announcement reversed TIAs earlier downward trajectory, which had pushed the token to a weekly low of $2.32 on Tuesday, May 7.
Technical indicators show TIA broke out of a persistent falling channel on the 4-hour chart, fueled by renewed buying pressure and surging trading volume. The Awesome Oscillator (AO) returned to positive territory (0.112), strengthening bullish momentum. The Elder Force Index (EFI) also spiked, confirming heightened accumulation and demand.
Trading Volume More Than Doubles Amid Reduced Volatility
TIAs trading volume spiked dramatically from under $70 million to over $165 million post-listing, reinforcing the bullish shift. Data from Glassnode further highlights that TIAs two-week realised volatility dropped to 54.41%, down from 70% earlier in the week, suggesting growing price stability.
This combinationdeclining volatility and rising volumesuggests confidence in an ongoing uptrend. Should the momentum hold, technical resistance at $2.79 could soon be breached, opening the path toward the 0.618 Fibonacci retracement level at $3.51. A daily close above the 20-day EMA also supports this bullish thesis.
Mixed Technicals Reveal Lingering Bearish Pressure
Despite the breakout, TIAs broader trend remains under scrutiny. As of May 9, technical indicators across longer timeframes remain bearish. The token trades at $2.38, well below its 50-day SMA ($2.89) and 200-day SMA ($4.31).
Additionally, the 14-day RSI sits 59, which reflects a neutral zone where accumulation is safe and could spark buying momentum before reaching an overbought level.
Failure to hold above the current EMA zones could result in a pullback to immediate support levels near $2.75 or even further down to $2.50 should bearish pressure intensify, TIA risks revisiting its recent lows around $2.03, with worst-case projections suggesting a dip to $1.966.
However, intraday momentum remains more favourable. The MACD indicator on the 4-hour chart shows green candles forming above the signal line, with buyers attempting to regain control. The Balance of Power (BOP), while still bearish at 0.49, indicates growing pressure near resistance points.
Long-Term Outlook: Bullish with High Growth Potential
While short-term indicators remain mixed, long-term price projections for Celestia remain highly optimistic. According to 20252031 forecasts, TIA could reach $21.22 by 2025 and potentially reach $64.46 by 2028 (average $56.11)
These projections are grounded in Celestias unique role in the modular blockchain ecosystem, particularly its utility in enabling scalable data availability layers for rollups. As Ethereum Layer 2 solutions gain traction, TIA is positioned to benefit from broader adoption and integration.
Cautious Optimism for the Short Term, Strong Growth Potential Long Term
Celestias short-term recovery, triggered by the Upbit listing, marks a critical reversal in momentum, with key indicators supporting a continued rally toward $3.51.
However, bearish technicals on longer timeframes and vulnerability to macro market trends warrant caution. Traders should watch for volume confirmation and RSI divergence as potential reversal signals.
TIAs fundamentals and modular blockchain model make it a project to watch for long-term investors, especially as Ethereums scalability remains a top industry focus.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
