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Celestia Price Declines After Brief Surge

Despite briefly spiking last week, the price of the Celestia (TIA) cryptocurrency has pulled back recently.

Price Update

On December 26, Celestia recorded an 18.06% increase that pushed its price as high as $14.39. However, the price has since decreased by 6.8%, with TIA currently trading around $13.39 as of writing.

Market Performance

During the surge, Celestia registered a trading volume of approximately $479.41 billion. However, the recent decline has seen volumes drop off. Celestia currently ranks #39 on CoinMarketCap with a market cap of $2.2 billion and a circulating supply of 152.88 million TIA coins.

Technical Analysis

Price prediction models indicate a pivot point for Celestia at $11.96. Resistance levels exist at $13.26, $14.86, and $15.93 while support levels are found at
$11.01, $9.99, and $8.86. The RSI for TIA is currently at 41, suggesting bearish sentiment in the short term. Celestia’s price hovers around its 50-day EMA of $13.

An [ascending triangle formation](https://www.investopedia.com/terms/a/ascendingtriangle.asp) appears on Celestia’s chart around the $12 level, which could signal an upcoming uptrend.

Meme Kombat Presale

The Meme Kombat Web3 gaming initiative is nearing its $5 million presale goal, having raised $4.61 million so far. The MK token is currently priced at $0.257, scheduled to increase to $0.268 in over 1 day and 19 hours. Meme Kombat plans to launch its initial season between October and November 2023, with a second season debuting by year’s end.

This article is for informational purposes only and should not be considered investment advice. All investments carry risk.


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