Date: Wed, Jan 15, 2025, 09:21 AM GMT
In the cryptocurrency market, significant corrections have been observed since the last month following bullish rallies in November. Among the affected assets, Celestia (TIA) has faced a sharp 27% decline over the last 30 days, pushing its price toward a critical long-term support level.

Source: Coinmarketcap
Testing Key Support
Celestia (TIA) is currently consolidating within a symmetrical triangle pattern. Recent rejection from the upper resistance level at $9.28 has led the token to test its major long-term support trendline. This trendline has historically acted as a robust foundation during periods of correction, suggesting its importance in the current scenario.

Celestia (TIA) 1D Chart/ Coinsprobe (Source: Tradingview)
Currently, at $4.72, $TIA appears to be stabilizing at this pivotal support. Momentum indicators like MACD and RSI reflect near-oversold conditions, suggesting potential bullish momentum.
If this support holds, TIA could aim for a recovery rally toward the upper resistance of the symmetrical triangle.
Elliott Wave Theory Hints at Bullish Reversal
Renowned crypto trader @CW8900 on X has shared insights suggesting that TIA remains confined within the symmetrical triangle that has persisted since its Binance listing. The price has now touched the bottom of this triangle twice, and Elliott Wave analysis indicates the potential for a bullish 5th wave breakout.

Celestia (TIA) Chart / Source: @CW8900 (X)
According to the Elliott Wave structure:
The 5th wave, if realized, could represent a significant breakout upward from the triangle convergence.Based on previous waves, this upward trajectory could potentially bring TIA to $23.5, marking a major recovery.
However, an interim challenge lies in the $12-$12.8 range, where a considerable sell wall exists. While this resistance may initially slow progress, the onset of a broader bull market could pave the way for TIA to achieve its target.
Conclusion: What Lies Ahead for Celestia?
Celestia's price action near this critical support level will likely determine its next significant move. A breakout above the triangle would confirm a bullish reversal, potentially aligning with the Elliott Wave projection of reaching $23.5. However, failure to hold the $4.70 support could lead to further downside risks.
Get more updates on: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
#Celestia #TIA

#CryptoMarketDip
The total cryptocurrency market cap and #Bitcoin $BTC experienced a sharp decline over the last 24 hours as the crypto market responded to shifts in macroeconomic conditions. A sudden rise in the 10-year US Treasury yield, coupled with anticipation surrounding the upcoming #NonFarmPayrollsImpact (NFP) report,significantly impacted market sentiment. 
Among altcoin #Celestia $TIA emerged as the day’s worst performer, leading the downward trend.
Finally, we all hope that this free fall will not last longer...Thank you #Binance for giving me this chance.

Celestia is a new kind of blockchain that aims to fix some of the biggest problems in blockchain technology: making it faster, more secure, and easier to use. It does this by breaking the blockchain into smaller parts, each with a specific job. Its cryptocurrency, TIA, helps the system run smoothly.
What is Celestia?
Celestia is different from other blockchains because it’s designed to be modular. This means it splits up the work of running a blockchain into separate layers:
Data Availability Layer: Stores and shares data for other blockchains.Custom Blockchains: Developers can use Celestia to build their own blockchains instead of starting from scratch.
Think of Celestia as a foundation that makes it easy to build and run secure and efficient blockchains.
How Does Celestia Work?
Celestia has some cool features that make it unique:
Breaking the Blockchain into Parts
Traditional blockchains handle everything in one place, like running apps, storing data, and keeping the system secure. Celestia splits these jobs into separate parts so each one can work better.Data Availability Sampling (DAS)
Normally, to check if data in a blockchain is safe and available, you’d need a lot of power and time. Celestia solves this by letting computers check small pieces of data instead of the whole thing. This makes it faster and less expensive to use.Namespace Merkle Trees (NMTs)
These are like organized folders for data. They let apps find and use only the information they need, making everything faster and more efficient.
What is TIA?
TIA is the cryptocurrency that powers Celestia. Here’s what you can do with it:
Pay Fees: If you want to send data or make a transaction, you pay with TIA.Stake and Earn Rewards: You can lock up your TIA tokens to help secure the network and earn more TIA as a reward.Vote on Decisions: TIA owners can vote on how the Celestia system should grow and improve.
Who Can Use Celestia?
Developers who want to create their own blockchain can use Celestia to make things simpler and cheaper. Instead of building a full blockchain, they can just focus on the parts they care about while letting Celestia handle the rest.
Why is Celestia Important?
Celestia makes blockchains faster, easier to build, and more flexible. This is important because traditional blockchains often struggle to handle lots of users or complex tasks.
With Celestia, people can create their own custom blockchains without worrying about big technical challenges.
Challenges Celestia Faces
While Celestia sounds great, there are other projects like NEAR DA and Avail that are trying to solve similar problems. Celestia will need to keep improving to stay ahead.
Conclusion
Celestia is like a new toolkit for building blockchains. By separating the work into smaller parts, it makes everything faster, more secure, and easier to use. Its cryptocurrency, TIA, helps power the system and rewards those who support the network.
For beginners, Celestia offers a fresh, user-friendly approach to blockchain technology. It’s an exciting project to watch as it grows and competes in the world of blockchain innovation. $TIA #celestia

A 15% increase to $15 is indicated by the fact that the Celestia price is now sitting atop the $12.93 support level.
There is a possibility that the profits might reach 38% if TIA is able to reach $17.37 as it crosses the $15 threshold.
Should the daily candlestick close be lower than $10.94, the bullish thesis will be rendered invalid.
At the moment, the price of Celestia (TIA) is held at a significant barrier of $12.93. As a result, the next move might either make or ruin the alternative cryptocurrency. It is important for investors to be aware that a significant correction might be triggered if this support structure were to fracture.
A push to the upward is required for the Celestia price.
Over the course of the past two weeks, the price of Celestia has been fluctuating within the region of $10.94 to $14.92. There are two possible outcomes that might take place while TIA trades around the middle of this range, which is $12.93: either a rebound that leads to an exponential rise or a retreat that leads to a sharp drop.
In the present moment, the Relative Strength Index (RSI) is located at the middle point, which indicates that there is a probability of a bounce occurring. It is also the case that the Awesome Oscillator (AO) moves in the direction of the zero mean level.
A rebound in this area might cause the price of Celestia to reach the range high of $14.92, which is about $15.00. TIA might reach the 161.8% Fibonacci Retracement level of $17.37 if this barrier were to be converted into a support level (also known as a support level).

A pullback to the range low of $10.94 might be triggered, on the other hand, if the Celestia price is rejected at the price of $12.93. A daily candlestick close that is lower than $10.94 will result in a lower low and provide evidence that the bullish thesis is not genuine.
It is possible that the price of Celestia would drop by 13% and reach the crucial support level of $9.52 in such a scenario.
#tia #celestia $TIA

The integration of Celestia's data availability (DA) layer with #PolygonLabs Layer 2 chain development kit marks a significant development in the future of blockchain technology. This integration provides specialized solutions for projects like OKX, Immutable, Astar, IDEX, and Palm Network, while also being a crucial part of the Polygon 2.0 ecosystem.Polygon’s Chain Development Kit (CDK) is used for developing Layer 2 networks, which rely on “zero-knowledge rollup” technology to enhance transaction efficiency. However, there are challenges in verifying data availability on Ethereum. This is where Celestia's approach comes into play.Celestia aims to reduce the network load and potentially lower gas fees by running light nodes for multiple Layer 2 networks. This can increase the efficiency of the network, making transactions faster and more economical, representing a significant step in blockchain technology.With this integration, Polygon’s Layer 2 solutions could reach a broader user base and increase the overall adoption of blockchain technology. Particularly, its potential to alleviate Ethereum's current challenges and create a more efficient blockchain environment makes this integration exciting for the crypto and blockchain community.The collaboration between Celestia and Polygon could usher in a new era in blockchain technology development and accelerate innovations in the sector. This holds significance not only for current projects but also opens up possibilities for future blockchain applications.#celestia #tia $TIA $MATIC