Celestia (TIA) Eyes Bullish Turnaround in April Despite Recent Dips

2024-04-10, 01:48

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![](https://gimg2.gateimg.com/image/article/1692587449analysis.jpeg)
## [TL; DR]
By the end of March the MACD technical indicator showed a bullish outlook for TIA coin.

The price of TIA may rise in April due to the expected surge in <a href="/zh/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin price</a> as we head towards the halving event.

By the end of April the TIA coin price may reach $20.

## Introduction 
The performance of cryptocurrencies [like Celestia (TIA)](https://www.gate.io/learn/articles/what-is-celestia/971 "like Celestia (TIA)") continues to be unpredictable as we go towards the April halving event. Since <a href="/zh/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> established itself as the leading cryptocurrency, its dynamics often impact the performance of other crypto assets. For example, the surge in the bitcoin price following previous halving events was the key trigger of resultant bull runs.

In this article we explore Celestia’s (TIA) performance since the beginning of the year. We shall also analyze how the bitcoin price movement may affect TIA crypto’s future price performance.

## Celestia’s (TIA) Price Performance: The Recent 28% Drop and Subsequent Slight Recovery
Despite the bearish momentum which Celestia (TIA) experienced during March the market anticipates that it will perform well during the greater part of April. If investor <a href="/zh/price/optimism-op" target="_blank" class="blog_inner_link">Optimism</a> in crypto remains high the market may witness a TIA bullish April. Only a strong market pessimism is likely to suppress Celestia’s price performance.

Read also: [Celestia Price Prediction & Forecast for 2024, 2025, 2030](https://www.gate.io/price-prediction/celestia-tia "Celestia Price Prediction & Forecast for 2024, 2025, 2030")

Since the beginning of the year the positive crypto market sentiment has enabled TIA to perform well despite some dips along the way. In spite of the strong bullish momentum it had within the first two months which resulted in its current all-time high of $21.16 on 10 February, its upward pressure has weakened since then.

As an example between 13 and 19 March the TIA price dropped by 37% which generated mixed crypto trading signals. Notably, the TIA price analysis indicates that the bearish trend that existed in March started after the Celestia coin attained its ATH on 10 February.

Nonetheless, soon after its all-time high the coin price dropped and formed some lower highs. Based on the previous Celestia investment trends there is a need for new capital injection to push its price up.

## Ongoing Bullish Sentiment among Investors despite Price Fall
The bitcoin recovery expected in April may influence the TIA’s price to rise. Currently, TIA has retraced by more than 22% from its recent high of $13.18. Despite the recent Celestia TIA price drop that has seen it trading below $12 the TIA investors optimism has not decreased further.

It is important to note that the recent altcoin market trends indicated a high possibility that [TIA will rebound and surpass the $13 price mark](https://www.gate.io/price/celestia-tia "TIA will rebound and surpass the $13 price mark"). First, as of 29 March the positive funding rate Celestia showed the optimism that existed in its market. As a fact, the funding rate is a metric used in perpetual futures contracts crypto and other investment assets which enables the traders to decide whether they should go long or go short.

A positive funding rate signals that the traders should go long while a negative one indicates that they should go short. The next graph indicates a positive funding rate for TIA which shows that the Celestia future price movement may become bullish in the near future. 
![](https://gimg2.gateimg.com/image/article/17127134651.jpg)
Celestia Funding Rate Coinglass

This positive funding rate indicates that despite the retracement the investors are expecting its price to rise.

## MACD Indicator, its Current Signals for Celestia and Indication about its Future Price Movement 
The technical analysis TIA also indicates that the coin price may rise in the near future, especially in April in tandem with the expected bitcoin rally. In fact, as we edge closer to the halving event and as the investors change their crypto investment strategies in line with the anticipated bitcoin bull market the price of TIA may surge.

The Moving Average Convergence Divergence (MACD) is one of the cryptocurrency technical indicators that has predicted that the future of Celestia coin is bright.

By 29 March the MACD indicator crypto signalled the cryptocurrency price dip recovery as it was on the verge of a bullish crossover on a high time frame as the following graph shows.
 ![](https://gimg2.gateimg.com/image/article/17127134942.jpg)
Celestia MACD - TradingView

In addition to the above technical indications some analysts have predicted a strong bullish momentum in crypto for Celestia which may push its price above $18. Nonetheless, the greatest threat to TIA price rally is the emergence of scepticism among retail investors which may generate hesitancy and negative sentiment within the market.

A Celestia price bounce off the $11.74 support level may drive it towards $20.33 which may invalidate any bearish momentum build up. According to Santiment, by the end of March there was a build-up of negative Celestia market sentiment as the next graph indicates. 
![](https://gimg2.gateimg.com/image/article/17127135173.jpg)
Celestia Weighted Sentiment - Santiment

Based on the above graph, by the end of March there was an overall negative market sentiment which could hamper Celestia TIA recovery. Another factor that has led to a positive Celestia <a href="/zh/price-prediction" target="_blank" class="blog_inner_link">price prediction</a> was March’s 50% rate of green days over that of February.

Also, around the same period, the market sentiment, as indicated by the Fear and Greed index, was extremely greedy since it was 80. That bullish outlook supported by its fundamentals positions Celestia as a solid investment asset. Once it experiences a strong cryptocurrency price dip recovery its value may shoot above $20.

## Conclusion 
The market expects the Celestia (TIA) price to surge in April at a time the value of bitcoin may rise due to the effect of the halving event. The good thing is that during the first two months of the year TIA was bullish. Once the coin fully recovers from the recent 28% price dip it may rally again. Both its funding rate and technical indication shows a possible future rally.

Read the guide on [How to buy TIA on Gate.io.](https://www.gate.io/how-to-buy/celestia-tia "How to buy TIA on Gate.io.")

## FAQs about Celestia (TIA)
### What is the price prediction for Celestia TIA?
TIA is likely to reach $20 within the next 30 days and may fluctuate around $15 by the end of the year. The expected average price for TIA during the year is $16.38.
### How much is a Celestia token worth today?
At the time of writing Celestia is trading at $0.014 . However, it attained its all-time high of $21.16 on 10 February. Usually its market demand and supply influences its current price.
### How much is Celestia GATE worth?
Currently, the Celestia GATE is worth $0.014. However, its value may rise within the next 30 days due to the influence of the bitcoin halving event which may induce a market wide bullish momentum.
### What is the total supply of Celestia?
Celestia has a total supply of 1,034,849,315. However it has a maximum supply of ∞. Currently ranked number 58, TIA has a market capitalization of $2,160,495,263 and a circulating supply of 175,892,842.

<div class="blog-details-info">
<div>Author:** Mashell C.**, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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