Celestia is known for its modular approach to blockchain design, aiming to separate consensus from execution for more scalable systems. Over the last few months, however, its price has been in a clear downtrend.
After reaching almost $20 in February, Celestia has continued to fall, and today it trades around $1.59. That’s almost a 70% loss compared to a year ago. However, the last week brought a short-term recovery with a 13% gain.
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Momentum Indicators
RSI: Neutral
RSI measures overbought or oversold conditions. The RSI(14) sits today at 46, down slightly from yesterday’s 48, while a week ago it was 34. The short-term RSI(7) is at 53, suggesting a fairly neutral condition with no strong overbought or oversold signal.
MFI: Neutral
The Money Flow Index (MFI), which includes volume in its calculation, remains steady at 54 for the past two days, up significantly from 33 a week ago. This hints at healthier buying activity but not yet in overbought territory.
Fear & Greed Index: Greed
The Fear & Greed Index for the overall crypto market is currently at 73, indicating a market leaning towards greed. For the past week it has hovered in the mid-60s to low 70s, showing relatively strong optimism despite Celestia’s individual struggles.
Moving Averages
SMA & EMA: Bearish
Short-term SMA(9) is at 1.52, and EMA(9) is slightly higher at 1.55. Both remain below the SMA(26) at 1.59 and EMA(26) at 1.66. This structure reflects a continued bearish setup, suggesting the trend is still downward despite recent stabilisation.
Bollinger Bands: Increased Volatility
Bollinger Bands today show an upper band at 1.73 and a lower band at 1.34, with the current price closer to the middle. The bands are wide, suggesting elevated volatility without a clear directional breakout yet.
Trend & Volatility Indicators
ADX: Weakening Trend
The ADX(14) has dropped to 25 from 34 a week ago. This indicates the recent trend is losing strength, and the market may be entering a sideways consolidation phase.
ATR: Stable Volatility
ATR(14) is stable at 0.15 compared to 0.16 a week ago, implying that while prices are moving, the scale of daily fluctuations is relatively steady.
AO: Weak Bearish
The Awesome Oscillator remains negative at -0.14, up from -0.4 a week ago. This suggests bearish momentum is slowing, but there’s no clear bullish reversal signal yet.
VWAP: Bearish
VWAP today is 2.29, which remains significantly above the current price. This reflects that TIA is trading below its volume-weighted average, often interpreted as a bearish condition.
Relative Performance
Comparison Against BTC: Short-Term Strength
The TIA/BTC ratio has risen by around 12.5% over the past week, despite a 23% drop in the last 30 days. This hints that TIA is starting to stabilise relative to Bitcoin over a short-term, which may be a small positive sign.
Broader Picture
Last month, Celestia faced allegations about insider sales and controversies around its token unlocks. Its price briefly reached an all-time low near $1.32 before recovering. While these developments are not influencing daily price movements now, they remain part of the broader picture for long-term investor sentiment.
Overall, most indicators show a neutral to bearish setup with some signs of stabilisation. There is no clear bullish momentum yet, though recent stabilisation suggests the decline may be slowing.
