Celestia’s price surged after the Lemongrass update, and it is expected that its price could rise to $10 as optimism grows about its new features and enhancements.

The price of Celestia (TIA) has experienced a notable uptick recently. Currently, the price is stable, holding above established support levels. This positive trend in the altcoin market comes after the recent Lemongrass update. The update appears to have catalyzed this upward trajectory, indicating that the market is strongly optimistic about Celestia’s potential.

After successful upgrade, Celestia price is expected to reach $10

On September 18, Celestia released its first mainnet enhancement, the Lemongrass upgrade, via an X post. This update introduced one-click interactions via IBC and cross-chain accounts. The upgrade includes several important improvements.

For example, CIP-6 sets a minimum gas price to curb spam on the network. CIP-9 enhances IBC cross-chain transfers with new middleware to handle data packets. CIP-10 introduces a simplified mechanism for signaling network upgrades.

CIP-14 implements cross-chain account functionality and strengthens the connection with the Cosmos ecosystem. In addition, CIP-20 eliminates the outdated Blobstream module and optimizes the network structure and performance.

The cryptocurrency market has experienced significant gains in recent trading sessions. The surge in market value is evident as Bitcoin trades past the $62,000 mark. Likewise, Ethereum also climbed above $2,400.​

This positive shift in the cryptocurrency’s value came after the Federal Reserve’s decision to cut interest rates. Other leading altcoins also mirrored this upward trend, further emphasizing the market’s bullish stance.

Will TIA price surge to 10 soon?

Celestia price has surged in the past 24 hours, showing an upward trend. TIA price is hovering at $6.22, up a massive 15% during the U.S. trading hours. According to CoinMarketCap data, 24-hour trading volume has surged by more than 71% to $289 million, indicating increased market interest and activity.

The Moving Average Convergence Divergence (MACD) indicator has turned positive, showing a crossover above its signal line, which is generally interpreted as bullish. The MACD histogram also supports this view, with green bars indicating strengthening bullish momentum.

According to Coinglass, Celestia token trading volume surged 54.87% to $1.26 billion. Meanwhile, open interest increased 22.94% to $247.43 million. The surge in trading activity and open interest is driving the current bullish trend in the Celestia market.

With the bullish trend in place, Celestia has encountered strong resistance at the $7 threshold. Breaking through this barrier could mean a bullish turn in the cryptocurrency market. Once TIA breaks out, it could target the next key resistance at $8. If the momentum continues, Celestia’s price could reach $10, a possible gain of 58%. This rally could have come after the Lemongrass update and bullish market sentiment.
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