Celestia Eyes $13 Rally, Dogecoin Nears Breakout: Analyst Insights

• Crypto analyst forecasts a temporary rally for Celestia Coin to the $13 mark, spotting bullish divergence despite a dominant bearish trend.
• Analyst believes Dogecoin is nearing a critical breakout point above a diagonal resistance, potentially signaling an upcoming bullish price swing.
• Dogecoin sees a slight uptick, reaching $0.1990 with a $28 billion market cap, while Celestia's price declines to $10.75 amid a continued downtrend.

A recent analysis by a crypto analyst regarding the token Celestia has shed light on a possible shift in the market sentiment from bearish to bullish. The chart reveals a downtrend for Celestia, with the price having descended steadily from a peak.

However, the analyst draws our attention to a bullish divergence. This phenomenon occurs when the cost of an asset makes a new low, but the momentum indicator makes a higher low, suggesting a weakening downward momentum.

According to the analyst, even if Celestia experiences a 'dead cat bounce', a temporary recovery from a decline that is followed by the continuation of the downtrend, there's potential for the price to touch the $13 region. The significance of the 99-day simple moving average (99sma) highlighted, indicating that a rebound to test this level is within the realm of possibilities.

Read full article at CryptoTale.