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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/celestia-networks-tia-coin-experiences-significant-value-surge/" data-wpel-link="internal">Celestia Network’s TIA Coin Experiences Significant Value Surge</a> 
Celestia Network‘s native asset TIA coin made strong moves by gaining more than 50% in value last week. At the time of writing this article, TIA’s price is trading at $19.82 with a market value of $3.1 billion, reflecting a 6.33% increase. Technical indicators point to an extreme point in TIA’s recent volatility, sending warning signals. 
<h2 style="text-align: justify" id="strong-what-s-behind-tia-coin-s-price-rally-in-celestia-strong">What’s Behind TIA Coin’s Price Rally in Celestia?</h2> 
TIA coin has recorded significant growth with its notable recent rise, and several factors appear to have contributed to this impressive performance. The first factor is the increase in staking activities and the rapid growth in unique wallet addresses. The latest data shared by Layergg over X reveals that the number of unique wallet addresses staking TIA coin in Celestia has exceeded 300,000 and doubled in just one week. This increase not only reflects the growing number of participants staking TIA coin but also indicates increased confidence in Celestia’s long-term potential among new users. 
Moreover, Celestia, a relatively young project launched in October 2023, seems to be capitalizing on positive community sentiment and appears to be leveraging a first-mover advantage in a specialized area. Primarily focused on scalability and positioned as the “first modular blockchain,” Celestia offers a unique value proposition in the highly competitive cryptocurrency environment. This unique positioning likely contributes to the project’s success and the recent surge in its native asset, TIA coin. 
<h2 style="text-align: justify" id="strong-technical-indicators-sound-alarm-for-tia-coin-strong">Technical Indicators Sound Alarm for TIA Coin</h2> 
<a href="https://en.coin-turk.com/hong-kongs-crypto-rules-no-immediate-impact-potential-boom-ahead/" data-wpel-link="internal">Cryptocurrency</a> analyst CaptainAltcoin, despite the positive and strong fundamentals, indicates that TIA coin’s chart is at extreme levels. On the daily timeframe, TIA coin has made a strong exit from its trading range and entered a price discovery phase, but following this sharp upward movement, the altcoin now potentially faces a pullback. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-302520" src="https://coin-turk.com/wp-content/uploads/2024/01/Celestia-TIA-Coin-Altcoin.png" alt="" width="834" height="453"> 
The strongest technical indicator sounding the alarm for the altcoin is the Relative Strength Index (RSI) rising to 73 on the daily timeframe. Conditions where the RSI exceeds the 70 level typically indicate overbought conditions and are a sign of an impending potential decline. Similar technical exhaustion signals are observed when examining shorter timeframes more closely. Both the 4-hour and 1-hour timeframes show RSI at 70 and 77 respectively, indicating overbought conditions, suggesting a potential short-term decline is on the table. 
The expected pullback levels for TIA coin, when outlined with Fibonacci’s upward projections, are seen at $17.5, $16.2, and $15. Technical indicators suggest that the altcoin’s price rally has reached an extreme point and indicate a pullback ranging between 15% to 25% in the coming days or weeks. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/celestia-networks-tia-coin-experiences-significant-value-surge/" data-wpel-link="internal">Celestia Network’s TIA Coin Experiences Significant Value Surge</a></h5>

Celestia Network’s TIA Coin Experiences Significant Value Surge

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