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The post <a href="https://coinpedia.org/price-analysis/celestia-tia-slows-down-the-rally-is-it-a-good-investment-now/" rel="noopener noreferrer nofollow">Celestia (TIA) Slows Down The Rally, Is It A Good Investment Now?&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Celestia is the world’s first modular blockchain that helps build new blockchain services and is on the green side today. TIA Coin price had an impulse surge of 17% in the past 24 hours with the price at the time of writing sitting at $11.39. Accompanied by the massive volume rise of 232%, bringing marketcap 2.1 billion ( 15% up).&nbsp;
This bullish price action is due to 3 possible scenarios. A 31% surge was seen in TIA’s total open interest from $110.3 million to $157.71 million in just 24 hours. This reveals the increased buying interest among investors, leading to increased liquidity.
Also, TIA experienced a surge in’ The total funding rate’ from 0.005% to 0.011% in 24 hours, as traders are willing to pay a premium to maintain their long positions.
Additionally, a report from Santimented reveals that over 80% of the uptick was seen in social media conversations about TIA, resulting in increased hype and investor confidence.
<h2 class="wp-block-heading" id="h-tia-slowed-down-the-uptrend">TIA Slowed Down The Uptrend</h2>
Celestia price rally triggered a bullish wave among investors resulting in high volatility and increased accumulation. But, the price faced rejection again to move above $12, which is a long-time resistance zone for TIA.
After falling from its ATH of $21.61 on Feb 10, Celestia has made swings with a downtrend but maintained a range between $8 to $12 since April. TIA Price action is not breaking the zone of $8 to $12 despite different market trends is a concern for investors.&nbsp;
<h2 class="wp-block-heading" id="h-techichals-and-indicators-are-all-bulish-for-tia">Techichals and Indicators are all Bulish for TIA</h2>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="464" src="https://image.coinpedia.org/wp-content/uploads/2024/05/29151900/TIAUSDT_2024-05-29_15-03-26-1024x464.png" alt="" class="wp-image-309862" srcset="https://image.coinpedia.org/wp-content/uploads/2024/05/29151900/TIAUSDT_2024-05-29_15-03-26-1024x464.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/05/29151900/TIAUSDT_2024-05-29_15-03-26-300x136.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/05/29151900/TIAUSDT_2024-05-29_15-03-26-768x348.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/05/29151900/TIAUSDT_2024-05-29_15-03-26-1536x695.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/05/29151900/TIAUSDT_2024-05-29_15-03-26-2048x927.png 2048w, https://image.coinpedia.org/wp-content/uploads/2024/05/29151900/TIAUSDT_2024-05-29_15-03-26-150x68.png 150w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
All the Indicators and Technicals for TIA have a bullish trend for TIA as long as the price is maintained above the support level of $10.11. The first target to break resistance at $11.11 was achieved, and the next resistance breakout buyers target is at $11.94 or $12.&nbsp;
The price is moving above all the moving averages in SMA and EMA and RSI at 68 is holding the volatility. The On balance volume (OBV) Indicator shows a short dip in volume, indicating distribution happening near $12.&nbsp;
On the other Bitcoin is struggling to reclaim the $70,000 mark, on doing so altcoin dynamics will also be changed. If that happens, Celestia (TIA) wll break above $12, and that wil influence an upward rally toward $13.5 and $15 resistance levels.&nbsp;
Traders must closely watch $11.94 to enter the trade and wait at the $10.19 zone, if a break out below this happens it may lead to painting more red candles.&nbsp;
The Current fundamentals and Technichals show a strong bullish trend accompanied by short corrections.

Celestia (TIA) Slows Down The Rally, Is It A Good Investment Now?

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