Celestia Price Outlook
Measured from a market range from $1.9429 to $14.9253, Celestia price sits on the 70.5% Fibonacci level at $11.0955. Technical indicators suggest a potential extended fall. The Relative Strength Index (RSI) moves downward as momentum continues to fall. The Awesome Oscillator (AO) indicates the bears gaining ground in the TIA market. Its histogram bars have turned red and the volumes are dropping toward the zero line. The Moving Average Convergence Divergence (MACD) called a sell signal when it crossed below the signal line during the December 17 trading session.
Downside Risk Looms
Increased selling pressure could lead to a break below the 70.5% Fibonacci level and find support at the 61.8% Fibonacci retracement at $9.9660. Conversely, if the 70.5% Fibonacci level holds, Celestia price could move upward and restore above the $12.0000 psychological level. The value could even push past the $14,000 level to clear the range high at $14.8977. In a highly bullish case, Celestia price could fill the market range at $14.9253 before tagging the $16.0000 psychological level.
BTCMTX Project Offers Promising Alternative
While Celestia price works out its next move, analysts believe BTCMTX, a cloud-mining presale token, could be a promising alternative. It is the powering token for the Bitcoin Minetrix ecosystem, a stake-to-mine ecosystem that aims to make Bitcoin mining accessible to everyone. This project leverages the big-picture bullishness of Bitcoin price. Interested investors can take advantage of the price while the window is open.
Investor Interest in BTCMTX
Sales from the presale have reached $5.459 million out of the $6.258 million target objective. Investors are interested in a hassle-free ecosystem, where the complexities of Bitcoin mining have been eliminated. You can visit Bitcoin Minetrix to buy BTCMTX in the presale.
Hot Take
Celestia price has plummeted 13% in the last 24 hours to trade for $11.0634 as of 5:40 a.m. EST time. The Technical Indicators point to a potential further drop. While Bitcoin and Ethereum also falter, analysts point to BTCMTX as a promising alternative to Celestia. With the increased momentum, investors are taking interest in the BTCMTX presale.
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