Celestia (TIA) price showed some weakness in March, but optimistic investors are not giving up hope for a rally.
This is clearly evident in their actions. April could be strong enough if the pessimism of some individual investors does not hinder price gains.
Will Celestia prices rebound?
At the time of writing , the Celestia price can be seen changing hands at $13.8, having barely recovered from $13. But TIA investors continue to place bullish bets.
Celestia's current funding ratio is positive. Funding rate is a mechanism used in perpetual futures contracts that indicates whether a trader is entering a long or short contract. A positive funding rate means the former, and a negative number means the latter.
TIA's positive ratio shows that despite the correction, traders are expecting prices to rise. Their prediction is partially correct because the Moving Average Convergence Divergence (MACD) indicator is sending bullish signals.
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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 consists of the MACD line and signal lines and is used to identify bullish and bearish trends.
Currently, this indicator is signaling that altcoins are on the cusp of a bullish crossover. This suggests bullish momentum is coming, which, if sustained, could push TIA higher.
TIA Price Prediction: What to Expect Next?
Celestia's price has recovered some of the 28% decline it recorded in mid-March. Considering the aforementioned conditions, a rally seems likely, with TIA likely rising to $18.
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However, individual investors are a bit pessimistic. The overall sentiment they have is negative, which could prevent TIA from having a significant rally .
If we move to protect our current profits from further losses , the price of Celestia will $13. It may lose support at 08 and fall to 11.5, invalidating the bullish logic.
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