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TIA Slides Below Support As Resistance Rejection Triggers 8.9% Drop
TIA price dropped 8.9% in 24 hours, hitting $1.82 after rejecting the $2.03 resistance zone.
The 4-hour chart shows a breakdown below key EMAs, with $1.77 now acting as immediate support.
Daily timeframe confirms a rejection from a long-term descending trendline, weakening bullish momentum.
Celestia's TIA token has retraced sharply, losing 8.9% in the past 24 hours to trade at $1.82. This decline followed a failed attempt to sustain above the resistance range of $2.03. As selling intensified, price action broke below the local demand zone
Source: (X)
The move led to a session low of $1.77, now acting as immediate support. This decline also resulted in a trader exiting the market early with a 15% loss, following a break in short-term structure. The broader chart shows a rejection from the long-standing descending trendline visible on the daily timeframe.
Short-Term Breakdown and Retest Failure
On the 4-hour chart, TIA recently climbed into a resistance cluster between $1.93 and $2.03. This area, highlighted in green, failed to hold as support following a retest. Sellers gained control after the price slipped under both the 50 EMA and 100 EMA
Source: (X)
Additionally, the steep drop pierced through the 200 EMA at $1.877 before slightly rebounding. The price remains under these key moving averages, indicating a shift in near-term direction. The break beneath the consolidation zone formed between July 13 and July 23 now opens room for further downside pressure, if $1.77 does not hold.
TIA Rejected at Key Trendline, Momentum Weakens
Looking at the larger timeframe, TIA faced strong resistance from a descending trendline that has defined market structure since January. This line intersects near $2.03, aligning with the local supply zone seen on the daily chart. After an extended period of lower highs and lower lows, the asset attempted a breakout in late July
However, sellers pushed the price back below the trendline, confirming rejection. The loss of momentum on July 23 marked a key reversal, with the asset sliding more than 10.2% in a single session. Price action continues to trade beneath the descending diagonal, with momentum turning weaker as volume fades.
Support Levels Tested as Pressure Builds
The current support at $1.77 remains critical in the short term. This level has seen reaction wicks on both 4-hour and daily timeframes. If pressure intensifies below this level, prior lows near $1.60 may come into view. For now, the price holds within a narrow band under previous support, and movement remains reactive
The 200 EMA is also very close to this level and that reinforces the level as a major and important inflection point. At the same time, resistance levels stagnate at between 1.93 and 2.03, which was where the earlier breakdown originated.