- TIA faces the risk of dropping to $1.50 as it struggles to maintain key support levels.
- ATOM shows signs of recovery with a buy signal from the TD Sequential indicator.
- Cosmos could break past the $6.00 resistance, further confirming a bullish trend.
Crypto analyst Ali Martinez discussed the price analysis of Celestia (TIA) and Cosmos (ATOM), expressing contrasting outlooks for the tokens. Martinez expressed concern that TIA is declining and could potentially drop to $1.50 in the near future. Over the past few weeks, Celestia has struggled to maintain an upward trend. Its inability to hold key support levels has fueled concerns about further price declines.
TIA Risks Steep Decline
Martinez warns that if TIA fails to hold above $3.24, it could drop sharply to $2.70. A further decline to $1.50 is also possible, as indicated by the dotted line arrows on the chart. It could again drop and touch $1.50, as is seen from the dotted line arrows in the chart above. Negative sentiment around TIA remains strong. While some traders expect a reversal, current market conditions make a recovery difficult.
Cosmos Price Outlook
On the other hand, Martinez offers a positive outlook on Cosmos (ATOM). He observed that the TD Sequential index generated a buy signal on the ATOM weekly chart, suggesting potential upward movement. The green arrow on the chart marks the buy signal, and analysts are now watching to see if the trend continues.
Building on these technical indications, expert sentiments point towards a recovery in the coming weeks. If Cosmos continues to rise, the $6.00 level will be key, as it has recently acted as strong resistance. A breach above this level would strengthen the bullish case and could trigger a more significant price rally.
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While Celestia faces a potential decline, Cosmos appears to be on an upward trajectory. Both tokens remain valuable to investors, as their price movements could offer insights into broader market trends. However, the fundamentals of TIA look bearish in the short term, while ATOM points toward some potential upside within the near term.
