See More

Celestia (TIA) Price Aims for Bullish April as Investors Remain Optimistic: Here’s Why

2 mins
Updated by Ryan James
Join our Trading Community on Telegram

In Brief

  • Celestia price fell by 28% this month, falling to $13 before making a slight recovery.
  • Nonetheless, bullish bets are still dominant in the market as signs of recovery strengthen.
  • However, investors are still hesitant regarding potential growth.
  • promo

Celestia’s (TIA) price had a rather bearish March but this did not stop the optimistic bunch of investors from remaining hopeful of a rally.

This is evident in their behavior, which may result in a bullish April, provided their pessimism does not hinder the price action.

Celestia Price to Bounce Back?

Celestia’s price can be seen changing hands at $13.8 at the time of writing, barely recovering from $13. This, however, has not slowed the optimism that TIA investors hold as they continue to place bullish bets on the altcoin.

The Funding Rate of Celestia at the moment is positive. The funding rate is a mechanism used in perpetual futures contracts, which signals whether traders are placing long or short contracts. Positive funding rates hint at the former, while negative rates suggest the latter.

Celestia Funding Rate.
Celestia Funding Rate. Source: Coinglass

TIA’s positive rate shows that despite the correction, traders are expecting a rise in price. In part, they are right about their prediction since the Moving Average Convergence Divergence (MACD) indicator is signaling bullishness.

Read More: Best Upcoming Airdrops in 2024

MACD (Moving Average Convergence Divergence) is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. It’s composed of a MACD line and a signal line, used to identify bullish and bearish trends.

Celestia MACD.
Celestia MACD. Source: TradingView

Presently, the indicator is signaling that the altcoin is at the cusp of a bullish crossover. This hints at the incoming bullish momentum, which, if sustained, would drive TIA higher.

TIA Price Prediction: What to Expect Next?

Celestia’s price recovered a part of the 28% decline noted in mid-March. Looking at the aforementioned conditions, the chances of a rally seem high, which would likely send TIA to $18.

TIA/USDT 1-day chart.
TIA/USDT 1-day chart. Source: TradingView

Read More: Top 10 Aspiring Crypto Coins for 2024

However, the retail investors are exhibiting slight pessimism at the moment. The overall sentiment they hold is negative, which might keep TIA from witnessing a substantial rally.

Celestia Weighted Sentiment.
Celestia Weighted Sentiment. Source: Santiment

Should they move to protect their present gains from further losses, Celestia’s price could lose the support of $13.08 and fall to 11.5, slipping beyond which would invalidate the bullish thesis.

Top crypto projects in the US | May 2024

Trusted

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.

Frame-2t314.png
Aaryamann Shrivastava
As a Mass Media (Journalism) graduate, my journey into cryptocurrency journalism has evolved into a distinguished role as an On-Chain Analyst over the past two and a half years. Collaborating with industry-leading media companies like FXStreet, AMBCrypto, and FXEmpire, I’ve delved deeply into the intricate realms of Crypto and Blockchain, crafting over 2,500 meticulously curated SEO-focused articles. Driven by a commitment to excellence, I remain steadfast in delivering the highest caliber...
READ FULL BIO
Sponsored
Sponsored