đ Celestia (#TIA ) Leads Crypto Market With 16% Surge, Will It Hit $7 This Month?
Celestia (TIA) has displayed a remarkable performance over the week, swiftly recovering from the early October crash. The token is now leading the crypto marketâs recovery in the daily timeframe, suggesting a possible continuation of its bullish momentum before the month ends.
đž Celestia Leads The Crypto Market
TIA, the native token of modular blockchain Celestia, has seen a 7.3% surge in the past week. The cryptocurrency recovered from the October 3 lows, moving from the $4.5 support level to trade above the $5 mark this Friday.
Celestia has been on a downtrend since hitting its March all-time high (ATH), suffering a brutal 80% correction from $20 to $4 in the past six months. Septemberâs retrace dragged TIA below the $4 mark, registering its lowest price since early November 2023.
However, the tokenâs Q3 retraces didnât alarm many investors who considered Celestiaâs on-chain developments a potential bullish sign. Since then, the cryptocurrency has seen a 40.1% monthly increase, fueling the bullish sentiment among the community.
Today, TIA registered eight hourly consecutive green candles, propelling the price 14% from the $4.9 zone to the $5.6 resistance level before retracing to the $5.5 mark. Throughout the morning, the token has hovered between $5.50-$5.55, recording a 16.3% surge in the past 24 hours.
This performance crowned Celestia as the largest gainer among the top 100 cryptocurrencies by market capitalization, only followed by Worldcoin (WLD), Dogwifhat (WIF), and Popcat (POPCAT).
đž Is A Big Move Coming For TIA?
Several market watchers note Celetiaâs performance, suggesting that the cryptocurrencyâs chart hints a breakout may be around the corner. To crypto analyst Yuriy, TIAâs performance indicates a âbig move is coming,â remarking that its open interest (OI) significantly increased in the past month.
