Celestia’s cosmic journey in the crypto world has been a rollercoaster ride, with its price hitting an all-time high of $21.16 on February 10, only to experience a recent nose-dive of 37% from March 13 to 19. This has left investors wondering about the future of this cryptocurrency.
Experts have noted that Celestia’s price action has been forming a “rounded top” pattern, indicating a potential downward trend. The recent crash has taken the price down to the $11.74 support level, with further support levels at $15.14 being breached. This suggests that Celestia may be in for a rough ride ahead.
If the current trend continues, Celestia’s price could potentially drop to $10 or even $9.14, marking a 22% correction from its current level of $13.18. However, there is still hope for a turnaround if Bitcoin starts climbing again, 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 enter a trade. Some are setting long orders at $9.70, anticipating a significant upside if the price reaches that level. Others are considering adjusting their orders based on the price action.
Overall, the future of Celestia’s price remains uncertain, with the possibility of both a dip and a rocket ride to new highs. As the crypto world continues to be full of surprises, investors are advised to stay vigilant and keep an eye on the stars for any potential developments.
