Celestia (TIA) broke out: Will the rise continue?

Celestia ($TIA ) price rose above the $ 7.34 resistance, signaling a potential rally.

Notable increases were seen in the crypto market over the weekend. A large amount of money flowed into altcoins at the end of the week, when the #Bitcoin price was trading in a stable range and Bitcoin dominance began to decline. Many major altcoins, especially $XRP , rose above important resistance levels.

TIA, one of the altcoins that left its mark on the weekend, has increased by over 25 percent since November 23. Double-digit price levels were indicated for TIA, which passed a potential resistance point.

According to AMBCrypto's analysis, Celestia (TIA) price continues to rise with a trend reversal. The popular altcoin managed to rise above the $ 7.34 resistance with the revival in its community and the increase in open interest rates.

The analysis stated: “TIA’s resistance breakout has started a bullish cycle. Traders are targeting $12.08 as the next turning point.”

Celestia’s rise above $7.34 marks a critical point in the price action. After months of being stuck in a descending channel, this upward move points to a potential trend reversal.

TIA, whose market value has risen to $3.14 billion, has begun to attract new investors. AMBCrypto suggested that if the positive momentum continues, #TIA could easily reach $12.08.

The analysis noted:

“Positive momentum could strengthen further if the previous resistance point ($7.34) holds and form a solid foundation for further upward movement.”

TIA’s social dominance has increased significantly, reaching 0.211 percent the previous day. This increase shows that the crypto community is starting to take an interest in TIA.

The analysis argued that the increased community interest could easily push TIA’s price to the $12.08 target.

TIA’s futures open interest increased by 21.19%. Traders opened long (bullish) positions, thinking the price would continue to rise.