Greed

bullish

Optimism

Celestia

Coin

Per the latest development-based news in Celestia (TIA), the investor’s sentiment spiked. That led to a whopping 22% rise in TIA price in the last 24 hours.&nbsp; 
After a massive decline this year, the TIA price has reached a demand zone. It stopped moving below the previous low and has not built new lows from $4.321 support. 
<h2 class="wp-block-heading" id="h-tia-price-statistics">TIA Price Statistics</h2> 
When writing, TIA exchanged hands at $5.60, and robust fundamentals support that. It has a market cap surge of 22%, amounting to $1.136 Billion. It is positioned 58th among the top 100 on CoinMarketCap in the past 24 hours.&nbsp; 
The 24-hour volume erupted massively by 66%, where the total volume on all tradeable platforms amounted to $136.88 Million. The liquidity was at 12.08%, which looked good and made trading easier on any exchange closest to its price value.&nbsp; 
Meanwhile, market sentiments slowly shifted towards the greed phase, from yesterday’s extreme fear of ’20’. It has scaled to neutral at ’48’. Thus, it signified that fear among the many has reduced lately. 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="1005" height="466" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-90.png" alt="Fear &amp; Greed Index | Source: alternative" class="wp-image-657629" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-90.png 1005w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-90-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-90-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-90-150x70.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-90-696x323.png 696w" sizes="(max-width: 1005px) 100vw, 1005px">
 <figcaption class="wp-element-caption">
 Fear &amp; Greed Index | Source: alternative me
 </figcaption>
</figure> 
This optimistic market sentiment looked poised to fuel the price rally ahead of TIA. 
<h2 class="wp-block-heading" id="h-celestia-s-lemongrass-upgrade">Celestia’s Lemongrass Upgrade</h2> 
Per the official post on X by @Celestia handle, a remarkable milestone is on the horizon for Celestia (TIA). The blockchain platform was getting ready for its first major upgrade, the ‘Lemongrass.’&nbsp; 
According to Celestia, this upgrade brings several consensus layer changes aimed at enhancing the functionality and performance of the platform. 
The release of celestia-app v2.0.0 would be used to activate Lemongrass. The Mocha Testnet would then be upgraded following successful activation and testing with community coordination. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Celestia’s first upgrade, Lemongrass, is coming. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f375.png" alt="🍵" class="wp-smiley" style="height: 1em; max-height: 1em;"> Developed and coordinated with the community, Lemongrass includes 1-click Tia interactions with other IBC chains, Interchain accounts, and a new upgrade mechanism. <a href="https://t.co/Lu6f3vWeU9">pic.twitter.com/Lu6f3vWeU9</a>— Celestia (@CelestiaOrg) <a href="https://twitter.com/CelestiaOrg/status/1821577551623647721?ref_src=twsrc%5Etfw">August 8, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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Finally, the Celestia Mainnet Beta version for Lemongrass is estimated to be witnessed in early to mid-September. 
The developer’s activity in Celestia (<a href="https://www.thecoinrepublic.com/price-prediction/celestia/">TIA</a>) would increase as the Lemongrass upgrade would introduce several features and key consensus changes. It includes Interchain Accounts and Packet Forward Middleware.&nbsp; 
Meanwhile, the Activation for Lemongrass to live full-fledged on Mainnet Beta would occur via community coordination. 
Furthermore, development activity like the above reflected the growth of a platform. The developers’ activity is constantly increasing on that platform, with ongoing developments underway.&nbsp; 
Data from DefiLlama exhibited consistent and sustained growth. Both developer activity was 29 devs, and the commit count was 268 by August 1st, which showed growth.&nbsp; 
This graph confirmed that TIA crypto has been receiving consistent and regular work. Moreover, the developers are working seamlessly on it for the platform’s betterment. 
<h2 class="wp-block-heading" id="h-an-analyst-has-fueled-optimism-in-the-tia-price">An Analyst Has Fueled Optimism in the TIA Price</h2> 
An analyst CryptoRodo (@RodolfoPozoA) shared on X, where he presented a drawing with a downward trendline facing downwards that’s been active since Mid-2024. It was acting as a hurdle.&nbsp; 
The TIA price has been approaching with a recent surge to test the trendline. He added, ‘The longer the wait, the bigger the movement.’ 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 I'm sharing things as I review them for myself. If you have any thoughts, more than happy if you share it! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4a1.png" alt="💡" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f9e0.png" alt="🧠" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://twitter.com/search?q=%24TIA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$TIA</a> is coming to test the purple trendline. Keep in mind that trendline comes from mid Feb 2024! I once heard this phrase from <a href="https://twitter.com/Sheldon_Sniper?ref_src=twsrc%5Etfw">@Sheldon_Sniper</a> and I've… <a href="https://t.co/WxIAdYY9sv">pic.twitter.com/WxIAdYY9sv</a>— CryptoRodo (@RodolfoPozoA) <a href="https://twitter.com/RodolfoPozoA/status/1821698371511259444?ref_src=twsrc%5Etfw">August 9, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
This post fueled heightened sentiment amongst socials, and a massive rally could break out, piercing through the dynamic trendline. 
<h2 class="wp-block-heading" id="h-indicators-overview-amp-forecast-in-tia">Indicators Overview &amp; Forecast In TIA</h2> 
The Celestia price analysis revealed a potential bullish path back to an all-time high price, contingent on bull’s interest. 
The 50-day EMA and the 200-day EMA bands acted as hurdles, and the price approached to test them.&nbsp; 
The MACD showcased growth potential via a bullish cross, as the histogram stands at 0.026. Also, the RSI flashed at 48.90 after jumping from 14-SMA.  
<a href="https://in.tradingview.com/chart/TIAUSD/GNqq5s9H-Indicators-Overview-Forecast-In-TIA/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a>  
Therefore, the TIA price’s resistance for a major rally lies between $7.96 and $11.79. This supports the idea that bears could have an eye on $4.32 and 2.21, respectively. 
The post <a href="https://www.thecoinrepublic.com/2024/08/10/celestias-lemongrass-upgrade-fuels-tia-price-by-22-whats-next/">Celestia’s Lemongrass Upgrade Fuels TIA Price by 22%, What’s Next?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

Celestia’s Lemongrass Upgrade Fuels TIA Price by 22%, What’s Next?

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