Celestia has experienced a sharp 15% drop in price within 24 hours, making it vulnerable to further drops. Key technical indicators include a death cross and a rising Average Directional Index (ADX), highlighting strong bearish momentum. Maintaining support above 4.54 USD is crucial to prevent further downturns.
If Celestia breaks support at 4.54 USD, the price could decline to 4.10 USD. However, recovering and moving above 5.50 USD could signal a potential trend change, indicating a shift in market sentiment from bearish to bullish. Despite the possibility of recovery, current market sentiment remains negative with selling pressure.