Celestia (TIA) experienced an upswing as traders followed its movement towards the next level of resistance on major exchanges. The token was still range-bound, and indicators reverted. As the accumulation goes on within the prevailing setup, market participants are awaiting a breakout trigger.

As of press time, TIA was trading at $0.5578, with a 1.26% gain in the past 24 hours. The trading volume decreased by 45.25% to $20.2 million, indicating lower session activity. The TIA price has grown by 0.61% over the last seven days, even though the volume has declined.

Source: CoinMarketCap

Celestia Accumulation Tightens Under Resistance

Analyst Butterfly highlighted that TIA hit the midline of a downward channel on the 2D chart. This is a zone that is followed as a decision level. It can limit price movement or help force a change of trend direction.

The current formation is shifting to completion with regard to accumulation. According to the analyst, the pattern was likely to settle out in a bullish manner after a proven breakout. The current perspective is resistant and has not yet confirmed a movement.

Source: X

Crypto analyst The Moon Show also pointed out a cup-and-handle formation on the 4-hour chart. According to the analyst, the handle is shaping up well against resistance. A break above the recent high zone was determined as the signal that might release continuation pressure.

Source: X

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Open Interest Climbs While TIA Trading Volume Falls

According to Coinglass data, trading volume declined 40.37% to $72.99 million and is an indication of lower market activity. Open interest also increased 0.46% to $80.24 million. Funding was marginally positive, with the TIA OI-weighted funding rate standing at 0.0025%, indicating a slight long bias.

Source: CoinGlass

Liquidations remained low within the last 24 hours, with total liquidations amounting to 31.66K in the period. Long liquidations were at $23.66K, and short liquidations amounted to $8.00K, which showed that bullish traders were more affected by the decline.

Source: CoinGlass

RSI Holds Near Neutral as MACD Turns Slightly Positive

RSI was not a sign of overheating because it was close to the neutral zone. The RSI was 52.98, which remained a bit above the midline. The average line of RSI around 50.03 indicated good momentum with restricted directional power.

Source: TradingView

MACD values indicated minor growth in momentum relative to the prior bearish periods. The MACD had a histogram value of around 0.0129, indicating a minor positive spread. The MACD line stood at 0.0044, and the signal line at -0.0085, which indicates that the momentum is positive, yet weak.

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