Celestia (TIA) Breaks $7.34 Resistance: Is a Move Toward $12.08 Possible?
The post Celestia (TIA) Breaks $7.34 Resistance: Is a Move Toward $12.08 Possible? appeared on BitcoinEthereumNews.com.
Celestia (TIA) has made headlines with a dramatic breakout above $7.34, signaling potential for further price appreciation. TIA’s breakout above $7.34 signaled a trend reversal, with a $12.08 target in sight. Bullish momentum gained support from increased social dominance, liquidations, and rising Open Interest. Celestia (TIA) has made a decisive move, breaking out of a descending channel and crossing the key resistance level of $7.34. This development has injected bullish enthusiasm into the market, with traders now targeting $12.08 as the next potential milestone. The token has seen a remarkable 16.28% price surge, trading at $7.34 at press time, accompanied by a 152% spike in 24-hour trading volume to $1.28 billion. Discover how Celestia’s recent breakout could influence its future price trajectory as traders eye a target of $12.08. Breaking the $7.34 resistance: a new rally begins? Celestia’s breakout above $7.34 marks a critical point in its price action. After months of being trapped in a descending channel, this upward move signals a potential trend reversal. Notably, the next target of $12.08 lies within reach if the momentum continues. Additionally, TIA’s market cap has surged by 16.9% to $3.14 billion, showcasing renewed investor confidence. This momentum could strengthen further if the breakout level holds, providing a solid foundation for continued upside movement. Source: TradingView TIA’s social dominance gains momentum Interestingly, TIA’s social dominance has seen a significant rise, climbing from 0.137% the previous day to 0.211% at press time. This increase highlights growing attention from the crypto community. Heightened social engagement often translates into more active trading and investment, further fueling price momentum. Therefore, the growing community interest could act as a key catalyst in helping TIA reach the $12.08 target. Source: Santiment Liquidation data highlights bullish pressure Liquidation data revealed strong bullish pressure on TIA’s price. On the 24th…
Filed under: News - @ November 25, 2024 4:07 am