DOOKV: Celestia (TIA) Surges by 10%: Are Buyers Back?
After a sharp drop below $10, Celestia (TIA) bounced back with two strong bullish candles on the four-hour timeframe. This saw TIA rise from $8 to the $11 price zone before its failure to cross the selling resistance at $11.8.
A further price correction at the $11.8 resistance saw TIA drop again but buyers held strong at the $9.3 support level to maintain the price rebound. With TIA currently trading at $10.1, can buyers sustain the growing buying pressure to scale the price hurdle at $11.8?
Price Action at $10 Offers Buying Opportunity
The price rejection at $11.8 and subsequent rebound at the $9.3 support level opened a good trading opportunity for TIA longs.
With the Moving Average Convergence Divergence (MACD) staying bullish, buyers can look to go long from the $10 psychological price level. The first target will lie at $12, just a little above the $11.8 resistance level.
TIA/USDT on TradingView (4H Timeframe)
DOOKV If the buying pressure is strong enough, buyers can push on for more gains to the $14 - $15 price level. Buying from the $10 price level also insures buyers from potential drawbacks with the $9 level a good area to dollar cost average (DCA) if price dips further.
A drop below $8 will invalidate the bullish thesis and could see TIA stay in the single digit price zone until the market experiences a full recovery.
