Celestia (TIA) Struggles to Hold Support After Failed Breakout

I observe that Celestia (TIA) is currently trading around $1.64, experiencing a 1.48% increase. However, the technical analysis reveals conflicting signals, especially after last week's unsuccessful attempt to break through the $2.16 resistance level, which resulted in a 6.3% decline. The price is now battling to hold above the crucial $1.60 support level, indicating a critical juncture for Bulls and Bears. The failed breakout above $2.16 suggests a significant rejection at higher levels, possibly reflecting trader hesitation or stronger resistance. The decline following that attempt signals weakness and might lead to further downside if support levels are breached. The mixed signals from technical indicators suggest uncertainty; some momentum indicators may hint at a potential rebound, while others align with a bearish outlook. Investors should keep an eye on key support levels around $1.60. If the price sustains above this level, it could indicate a pause before a possible recovery. Conversely, if support fails, a deeper correction could ensue, potentially pushing TIA toward lower levels. It’s important to watch for volume confirmation and momentum shifts to better gauge the next move.