Celestia

$TIA, the native token of the <a href="https://blockhead.co/tag/celestia?ref&#61;blockhead.co" rel="noopener noreferrer nofollow">Celestia</a> blockchain looks set to go on another run of sustained price gains after breaking out of the consolidation within a compact price range.$TIA had traded between the $11.8 and $15.1 price levels throughout December 2023 but began 2024 with a massive push to the $17 price level. While price has retraced back to $15, the price action on the lower timeframes and on-chart indicators suggest another wave of bullish momentum which could push $TIA toward $20.<h3 id="buying-pressure-could-trigger-further-gains-for-tia">Buying pressure could trigger further gains for $TIA</h3>$TIA embarked on the 35% pump from the $11.8 support level to break past the bearish resistance at $15.1. However, sellers at the resistance level pushed back with a 13% dip keeping $TIA at the $15 level.Notwithstanding the bearish dip, the on-chart indicators highlighted the growing bullish strength with the Relative Strength Index (RSI) registering a bullish reading of 55. This signaled that buyers had short-term momentum.Despite the bullish momentum, intraday traders looked to be preserving capital with the Chaikin Money Flow (CMF) noting a considerable capital outflow in the short term. Yet, this could be a strategy to get into $TIA at lower prices to increase profit margins.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/8a243727324e4bb69ddaadfc31c3c173.png" />TIA/USDT on TradingView (4H Timeframe)Based on the price action and chart indicators, a new bullish candle close above $15 could spur $TIA to $17 in the short term. This would provide a solid base for buyers to push toward the $20 price level and a new all-time high for $TIA.Conversely, another price rejection at $15 could drop $TIA to the nearby trendline support at $13.5. This will result in another 11% drop from its current price level.As Celestia continues to enjoy considerable growth as a modular blockchain that makes launching a blockchain as easy as deploying a smart contract, $TIA will continue to be in high demand. This represents great upside for its price in the coming weeks to months.Subscribe to Blockhead&#39;s daily newsletter for <a href="https://www.blockhead.co/#/portal/signup" rel="noopener noreferrer nofollow">FREE </a>and stay in the loop on digital assets. Follow our <a href="https://twitter.com/blockhead_co" rel="noopener noreferrer nofollow">X</a> and <a href="https://t.me/blockhead_co" rel="noopener noreferrer nofollow">Telegram </a>for our latest updates too!

Celestia ($TIA) Aims For Another Streak of Massive Gains

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