Celestia, the rising star in the crypto world, has been on a bumpy ride lately. After reaching an all-time high of $21.16 on February 10, the price has taken a nosedive, dropping 37% from March 13 to 19. This has left investors wondering about the future of this cosmic journey.
Experts have noted that Celestia’s price action has been forming a “rounded top” pattern, indicating a potential downward trend. The recent crash has brought the price down to the $11.74 support level, with a possibility of further correction to $10 or even $9.14.
However, there is still hope for Celestia’s price to bounce back. If Bitcoin starts climbing again, it could drag Celestia along for the ride, potentially leading to a rally and a new all-time high of $25.
In this volatile market, traders are advised to wait for the right opportunity to make a move. Setting a long order at $9.70 could present a lucrative opportunity for a 100% upside if the price reaches the previous all-time high again.
Whether Celestia’s price continues to dip or shoots for the stars, one thing is certain – the world of crypto is always full of surprises. Stay tuned for more updates on Celestia’s cosmic journey in the crypto world.
