$TIA has recently seen a 12.13% price jump, reaching $6.248,The driven not only by fundamental news but also by technical signals. While the announcement of $100 million in new funding for Celestia has sparked excitement, the price was already positioned for a breakout.
Key Technical Insights:
- Price Action: After bouncing from a recent low of $5.34, TIA surged to $6.91 within 24 hours, showing strong buying pressure. The current consolidation near $6.25 suggests traders may be waiting for the next breakout.
- RSI: The 24-period RSI is at 54.5, sitting in a neutral zone, indicating potential for more upward movement before hitting overbought conditions. This leaves room for continued gains if buying interest rises.
- EMA: Short-term EMAs (10, 14 periods) are positioned around $6.3, providing immediate support. Holding above these levels could suggest bullish momentum is still intact.
- Volume: An increase in buying volume is backing the uptrend, likely influenced by positive news like Celestiaâs funding and roadmap updates.
Conclusion:
With strong technical indicators and positive news in its favor, TIAâs rally could continue in the short term. A break above $6.91 may push it toward new highs, while immediate support is seen at $6.00. Watch for retests of this support level to confirm strength before considering an entry.
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