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

Table of Contents

Blockhead

Other articles published on Jan 8, 2024

Meme Moguls Set To Be More Profitable Than Ethereum (ETH) and Cardano (ADA) Staking – Here’s Why

DMAIL enhances communication with Internet Computer (ICP)

Decline in Solana-Based Memecoin Projects Amid Rug-Pull Scams

KuCoin Upgrades VIP Program with Exclusive Benefits and Curated Features to Provide Elite Experience

Aptos Price Continues Bleeding! Where Is APT Price Heading Next?

Bitcoin Whale Accumulates 1,750 BTC Ahead of Bitcoin ETF Approval

Join our free newsletter for daily crypto updates!