Celestia’s (TIA) price has fallen sharply, dropping more than 15% in the last 24 hours and almost 40% over the past 30 days. Its market cap is now $2.2 billion, and this decline comes as bearish signals dominate technical indicators, including a recently formed death cross that suggests the potential for further downside.

While TIA holds the above key support at $4.54, the overall market sentiment remains negative. A recovery would require breaking through resistance at $5.50, but current trends indicate sellers are firmly in control.

TIA Downtrend Is Getting Stronger

The Average Directional Index (ADX) for TIA currently stands at 35.2, rising from 31.2 just one day ago, signaling a strengthening trend. The ADX measures the strength of a trend, whether bullish or bearish, on a scale from 0 to 100, with values above 25 indicating a strong trend and below 20 reflecting weak or absent momentum.

The rising ADX confirms that TIA’s current downtrend is gaining traction, highlighting increased selling pressure in the market.

The directional indicators provide further insight into the trend’s dynamics. The +DI, which represents buying pressure, has fallen sharply from 22.2 to 11.3, reflecting a significant weakening of bullish momentum. Meanwhile, the -DI, indicating selling pressure, has surged from 14.3 to 33.3, signaling growing bearish activity.

This combination of declining +DI and rising -DI confirms that sellers are firmly in control. This suggests that Celestia price could continue to face downward pressure unless buying interest resurges to counteract the bearish momentum.

Ichimoku Cloud Shows a Bearish Momentum for Celestia

Ichimoku Cloud shows TIA price dropped well below the cloud, indicating a strong downtrend. The red cloud (Senkou Span A and Senkou Span B) further reflects r

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Author: Tiago Amaral