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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/celestias-tia-coin-surges-amidst-market-optimism/" data-wpel-link="internal">Celestia’s TIA Coin Surges Amidst Market Optimism</a> 
Celestia Network‘s native asset TIA coin, made strong moves last week, gaining more than 50% in value. At the time of writing this article, TIA’s price is seeing a 6.33% increase, currently trading at $19.82 with a market capitalization of $3.1 billion. Technical indicators suggest that the recent activity in TIA has reached a point of excess, 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 seem to have contributed to this impressive performance. The increase in staking activities and the rapid growth in unique wallet addresses are cited as the first factors. The latest data shared by Layergg over X reveals that the number of unique wallet addresses staking TIA coin in Celestia has surpassed 300,000 and doubled in just one week. This increase not only reflects the growing number of participants staking TIA coin but also indicates a rise in 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 using its first-mover advantage in a specialized area. Celestia, primarily focused on scalability and positioned as the “first modular Blockchain,” offers a different value proposition in the highly competitive cryptocurrency environment. This unique positioning is likely contributing to the project’s success and the recent rise of 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/the-controversial-relationship-between-bitcoin-and-banking/" data-wpel-link="internal">Cryptocurrency</a> analyst CaptainAltcoin, despite the positive and strong fundamentals, points out that TIA coin’s chart is at levels of excess. On the daily time frame, TIA coin has made a strong exit from its trading range and entered a price discovery phase, but after this sharp upward movement, the altcoin is now potentially facing 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 the 73 level on the daily time frame. 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 seen when shorter time frames are examined more closely. Both the 4-hour and 1-hour time frames indicate overbought conditions with RSI at 70 and 77, respectively, suggesting a potential decline in the short term. 
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 a point of excess and points to a pullback ranging from 15% to 25% in the coming days or weeks. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/celestias-tia-coin-surges-amidst-market-optimism/" data-wpel-link="internal">Celestia’s TIA Coin Surges Amidst Market Optimism</a></h5>

Celestia’s TIA Coin Surges Amidst Market Optimism

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