The post Amid Collab With Plume, Analyst Signal Growth, Can TIA Rise 3x? appeared on BitcoinEthereumNews.com.

TIA has been in a downward trend since early February, consistently marking new lower highs and lower lows. Notably, the price fell beneath the critical $8 support level.  However, mid-May, there was a brief rally where TIA found support at $8 and rebounded to the 200-day EMA, indicating a temporary bullish shift. Despite this, the price encountered resistance and was unable to sustain above the 200-day EMA, succumbing to the selling pressure. From a technical standpoint, TIA is below the pivotal moving average. The MACD indicator has shown a ‘death cross’ as it crossed below the signal line, accompanied by a bearish red histogram at -0.297 and RSI at 30.89 oversold reached. Celestia (TIA) Price chart 1.D. | Source: TradingView Collectively, these technical indicators suggest that the market sentiment is leaning toward uncertainty or towards a continued bearish phase for TIA. Is Integration WIth Plume Optimistic for Celestia (TIA)? The Plume Network recently announced that its unified integration with the Celestia blockchain network is a frontrunner in modular data availability (DA). This would enable the network to reduce expenses and scale effectively as a layer2 solution, whose focus would be entirely on real-world assets (RWAs).  Meanwhile, this strategic alliance is set to facilitate and streamline the inclusion of more projects and investors into Plume’s ecosystem that is dedicated to RWA tokenization. Similarly, for TIA, this development looks particularly advantageous. This integration suggests more robust possibilities for participation in its RWA tokenization process. Plume could potentially drive up the price of TIA. RWAs with Celestia underneath ✨ https://t.co/Lyo7hCfzJO — Celestia (@CelestiaOrg) June 17, 2024 Furthermore, this move could also be seen as one of the possible harbingers for its growth in the future aspects of Celestia (TIA) crypto. This could assist in expanding the landscape of blockchain technology. Are Analysts Positive…

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Filed under: News - @ June 19, 2024 10:24 pm