Celestia Price Prediction: TIA Plummets 13% As Expert Says Consider This Cloud Mining Presale For 10X Gains

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Celestia price has plummeted 13% in the last 24 hours to trade for $11.0634 as of 5:40 a.m. EST time.

TIA features among the tokens in the doldrums on Monday, led by Bitcoin (BTC) and Ethereum (ETH) as the market flashes red.

monday flushes are part of our life now 🙂 #btc📷 #eth #coqinu #astr #blz #alpha #ctk #stk #pepe #meme #binance📷📷 #okx📷📷#bybit📷📷 #brc20 #bonk #rats #ordi #jto #tia pic.twitter.com/QEXJpI8jPl

— MOTEC (@3rdeyeofcrypto) December 18, 2023

The 13% drop in Celestia price has seen up to $2.05 million in long positions liquidated against only $212,840 short positions.

Celestia Price Outlook

Measured from a market range stretching from $1.9429 to $14.9253, Celestia price is sitting on the 70.5% Fibonacci level at $11.0955, with the potential for an extended fall, according to technical indicators.

The Relative Strength Index (RSI) is nose-diving as momentum continues to fall. Similarly, the Awesome Oscillator (AO) hints at the bears gaining ground in the TIA market. This comes as its histogram bars have taken to the red shade, with the volumes dropping towards the zero line. Unless the bulls re-enter, the AO could soon flip negative.

Further, the Moving Average Convergence Divergence (MACD) called a sell signal during the December 17 trading session. This happened when it crossed below the signal line (orange band) on Sunday. With traders heeding this call, the slump could extend lower.

Increased selling pressure could see Celestia price break below the 70.5% Fibonacci level to find support at the most important Fibonacci retracement level of 61.8% at $9.9660.

If this level fails to hold as support, the slump could extrapolate past the 50-day Simple Moving Average (SMA) at $9.1202, or lower, and in the dire case, test the 50% Fibonacci level at $8.4341. A break and close below this level would invalidate the current big-picture bullish outlook.

On the other hand, if the 70.5% Fibonacci level holds as support, Celestia price could push north, steered by increased buyer momentum. Such a move could see TIA market value restore above the $12.0000 psychological level, or higher, break past the $14,000 level to clear the range high at $14.8977.

In a highly bullish case, Celestia price could fill the market range at $14.9253 before tagging the $16.0000 psychological level. Such a move would denote a 40% climb above current levels.

Promising Alternative To TIA

While Celestia price works out its next move, analysts say BTCMTX, a cloud-mining presale token, could 10X at launch. It features among analysts’ picks for the top five cryptos to buy in December.

BTCMTX is the powering token for the Bitcoin Minetrix ecosystem, a stake-to-mine ecosystem committed to making BTC ownership a reality even for the ordinary folk. To this end, it has decentralized and tokenized cloud mining, eliminating third-party-related risks such as fraud.

At the same time, the approach ensures that hassles associated with Bitcoin mining, including hardware purchases (cost), space, and heat, among others, are completely out of the way.

#BitcoinMinetrix seeks to revolutionize #Bitcoin Cloud Mining by deploying a Stake-to-Mine system driven by smart contracts. 🚀

Envisioning a secure, effective ecosystem across #Blockchains, overcoming the limitations of typical cloud mining. 🌍 pic.twitter.com/9bC9yL9QUE

— Bitcoinminetrix (@bitcoinminetrix) December 17, 2023

BTXMTX benefits from the big-picture bullishness of Bitcoin price, with analysts ranking Bitcoin Minetrix among the top crypto presales to consider ahead of the next halving event.

The project is in the fourteenth stage of the presale, where each BTCMTX token is selling for $0.0123. This price will only hold for a little less than four days before another price hike. Interested investors should take advantage of the price while the window is still open.

#BitcoinMinetrix Stage 14 has begun! 🎉

What groundbreaking application do you foresee for #DeFi technology in the future?

How might it revolutionize your everyday routines? 🌐🚀 pic.twitter.com/IO9MTX7tRR

— Bitcoinminetrix (@bitcoinminetrix) December 17, 2023

So far, presale sales have reached $5.459 million, out of the $6.258 million target objective as investor interest in BTCMTX continues to grow. The interest comes as investors embrace a hassle-free ecosystem, where the complexities of BTC mining have been eliminated.

Fascinated by #Bitcoin but not the complexities?

Enter cloud mining! 🌐💰

No more setup, upkeep, or noisy equipment. 🚫🔧

It's budget-friendly and space-saving.

Ideal for everyone in the #CryptoCommunity!#BitcoinMinetrix #CloudMining pic.twitter.com/3w1RTXcEgN

— Bitcoinminetrix (@bitcoinminetrix) December 14, 2023