🚀 Celestia ($TIA) Aims for Another Streak of Massive Success
📈 $TIA may continue its upward trajectory based on the recent price action and bullish indicators on the chart.
💹 $TIA, the native token of the Celestia blockchain, appears set to continue its steady price growth after breaking out of consolidation in a tight price range.
📅 Throughout December 2023, $TIA traded between price levels of $11.8 and $15.1 but started 2024 with a powerful surge to the $17 price level. Although the price retraced to $15, price behavior on lower timeframes and chart indicators suggest another bullish wave that could push $TIA to $20.
📈 Buyer Pressure Could Trigger Further Rise for $TIA
💰 $TIA took a 35% pump from the $11.8 support level to overcome bearish resistance at $15.1. However, sellers at the resistance level pulled back, dropping by 13%, holding $TIA at the $15 level.
📉 Despite the bearish pullback, chart indicators highlighted growing bullish strength: the Relative Strength Index (RSI) showed a bullish value of 55, signaling that buyers have a short-term momentum.
💹 The Chaikin Money Flow (CMF) indicated significant capital outflow in the short term. However, this could be a strategy to enter $TIA at lower prices for profit accumulation. Judging by the price action and chart indicators, closing a new bullish candle above $15 could boost TIA's price to $17 in the short term.
💡 As Celestia continues to actively develop as a modular blockchain, making blockchain launches as easy as deploying a smart contract, $TIA will likely maintain high demand and trade on major exchanges, including some of the most popular ones in Europe: WhiteBIT, Binance, and OKX. This represents significant price growth potential and a good crypto asset for investors.
🛑 Disclaimer: This post is based on news from blockhead.co and does not constitute trading, investment, financial, or other advice. Please conduct thorough research before making any trading or investment decisions.
