Cryptonews Price Analysis

Is Celestia Going to Zero? TIA Price Drops 6.8% as Latest Meme Coin Surges Past $4.5 Million Milestone

Crypto Writer

Arslan Butt

Crypto Writer

Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Last updated:

December 26, 2023

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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

TIA Price Chart

Amidst the turbulent waves of the cryptocurrency market, a recent downturn has sparked concerns over the future of Celestia (TIA), with its price dipping by 6.8%. This decline stands in stark contrast to the coin’s recent performance; as of December 26, Celestia had marked a substantial rise to $14.39, registering an 18.06% increase within just 24 hours.

This surge not only boosted its trading volume to a hefty $479,410,105 but also solidified its position at #39 on CoinMarketCap. Celestia’s market cap, hovering around $2.2 billion, is supported by a circulating supply of 152.88 million TIA coins.

This downturn in Celestia’s trajectory, juxtaposed against the backdrop of the latest meme coin’s surge past the $4.5 million milestone, raises critical questions about the volatile nature of digital assets and the future viability of TIA in the ever-evolving crypto landscape.

Celestia Price Prediction

Focusing on the technical analysis, Celestia’s current pivot point is $11.96, serving as a critical juncture for future price movements. The asset faces immediate resistance at $13.26, with subsequent levels at $14.86 and $15.93.

On the support front, Celestia finds immediate backing at $11.01, followed by $9.99 and $8.86. These levels are crucial for investors and traders to monitor, as they play a significant role in determining Celestia’s short-term price trajectory.

📉 Celestia (TIA) sees a 6.8% drop amid market fluctuations, now trading at $14.39. Despite the dip, TIA maintains a strong #39 rank on CoinMarketCap with a $2.2B market cap. 🚀 Watch key levels: Resistance at $13.26-$15.93 and Support at $11.01-$8.86. Stay alert, traders! #TIA pic.twitter.com/yedV32iH9v

— Arslan Ali (@forex_arslan) December 26, 2023

The Relative Strength Index (RSI) for Celestia currently stands at 41, indicating a bearish sentiment in the market. This suggests that selling pressure has been more dominant than buying pressure recently.

However, Celestia’s price is hovering around the 50-Day Exponential Moving Average (EMA) of $13.00, a key indicator that offers insights into the asset’s medium-term trend.

A notable chart pattern for Celestia is the ascending triangle formation around the $12 mark. The presence of a candle with a long wick indicates a potential weakening of the bearish bias and the likelihood of an upcoming uptrend.

Such patterns are instrumental for traders, as they provide valuable clues about the asset’s possible future direction.

In summary, the technical outlook for Celestia suggests a bearish trend below the $13.00 mark. However, with the observed chart patterns and current positioning near the 50 EMA, there is potential for a shift in momentum.

Meme Kombat: Web3 Gaming Trailblazer Nears $5 Million Presale Goal

Meme Kombat

, a groundbreaking player in the Web3 gaming world, continues its impressive run in the cryptocurrency market, now approaching its $5 million presale goal with a current raise of $4.61 million.

The excitement for Meme Kombat’s MK token is mounting, as the presale enters its final stretch with just over a day and 19 hours left before the next price hike to $0.268.

Currently priced at $0.257, the MK token reflects the crypto community’s growing interest in this innovative gaming platform.

Slated for an initial season launch between October and November 2023, Meme Kombat is poised to revolutionize the gaming experience. The end of the year will see the debut of Meme Kombat 2, further solidifying the platform’s dedication to evolving and enhancing its gaming offerings.

As the countdown to the MK token’s price increase ticks on, Meme Kombat’s thriving presale signals its potential to become a significant force in the expanding Web3 gaming sphere.

To join this digital gaming revolution, visit Meme Kombat and seize the opportunities it offers in this new era of gaming. Explore Meme Kombat and its opportunities in digital gaming here.

Visit Meme Kombat Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.