Celestia's Unlock Smoothly Absorbed, Fueling Price Rebound Optimism

Recently, Celestia (TIA) experienced a significant token unlock, raising concerns about price volatility. Crypto analyst Mammon warned of a potential downturn due to increased supply.

However, despite an initial 30% price drop, the market absorbed the unlock effectively, stabilizing prices and rekindling interest in TIA. This strong response has ignited optimism that TIA's price may rebound, possibly reaching its previous range highs.

Range-Bound Structure and Key Price Levels

TIA's recent price movements exhibit a range-bound structure with clear support and resistance zones. The blue zone on the chart highlights the lower support zone, where buyers have historically stepped in. After briefly falling below this support, TIA bounced back, indicating buyer resistance against lower prices.

Conversely, the red zone represents resistance levels where selling pressure has previously capped price movements. This range provides crucial levels to watch as TIA's price action develops, with potential pullbacks and higher lows signaling a potential price increase if demand remains strong.

Analyst's Long Position Strategy

The analyst aims to re-enter TIA with a long position if the price revisits the blue support zone with a higher low formation. Alerts have been set at this level, and a buy order will be executed if certain confirmation signals emerge. This strategy combines caution and optimism, relying on a structured approach to confirm market strength before investment.

Bullish and Bearish Scenarios

The bullish scenario for TIA involves forming higher lows near the blue support zone, indicating strengthening buyer interest. If demand persists at this level, a return to the red resistance zone is possible, offering traders an opportunity to leverage the range-bound price action.

Conversely, if TIA's price breaks below its support, it may face further downside pressure, potentially invalidating the bullish outlook. However, the positive market response to the token unlock and analyst optimism, such as Mammon's, hint at a promising future for TIA's upward trajectory.