The price of Celestia’s TIA has broken out of a descending trendline and retested the level yesterday. The price now looks ready for a major price spike and a change in trend (bullish reversal).
This has also caught the attention of some analysts, like CryptoMojo_TA on X. CryptoMojo_TA shared his perspective on Celestia’s TIA price. The analysis suggests that the price is creating a potentially profitable long position. He observes that TIA’s price action follows a pattern, which is a bullish reversal signal.
TIA price broke below the upper trend line of the bullish pattern, and this could be a promising sign for more upward movement.
The analyst recommended taking a long position at the current price, which is around $5.20. A pullback below this level should be seen as an opportunity to accumulate more tokens; so far, it is not yet below the $4.8 range, which is where a trend-line retest could happen.
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The analyst pointed to the potential price targets for TIA, and he is looking at a target between $6.20 and $12.50. A dip below $4.6 invalidates the setup.
The advice is not to use more than 3x to 5x leverage, depending on individual tolerance, considering the fact that the crypto market is volatile.
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The post Celestia (TIA) Price Ready for Next Leg Up Following Price Breakout: Analyst Shares Next Profit Target appeared first on CaptainAltcoin.
