Analysis of Celestia's Price Decline

Celestia's (TIA) price has dropped significantly, decreasing by over 15% in the past 24 hours and nearly 40% in the last 30 days. With a market cap of $2.2 billion, bearish signals are prevalent in technical indicators, including a death cross formation, indicating the potential for further decline. While TIA is holding support at $4.54, market sentiment remains negative, requiring a breakthrough of $5.50 resistance for recovery. The Average Directional Index (ADX) for TIA has risen to 35.2, showing a strengthening downtrend. The directional indicators reveal a decline in buying pressure (+DI) and a surge in selling pressure (-DI), confirming seller dominance. Ichimoku Cloud analysis indicates a strong downtrend, with the recent death cross intensifying bearish momentum. TIA's price faces downward pressure unless buying interest increases. Breaking back into the cloud for recovery seems unlikely based on current indicators.