Greed

Based

Million

Daily

Celestia

The emergence of a falling wedge pattern on Celestia’s 1-Day chart indicates that TIA might soon rally. In the past 17 days, the crypto has moved from the lower to the upper border, gaining over 70%. 
At press time, TIA exchanged hands at $7.300, nearly 16% up from the previous week, and 15% up in the intraday. Supported by strong fundamentals, it has a market cap of $1.453 Billion, positioned 61st among the top 100 on CoinMarketCap.&nbsp; 
Likewise, the 24-hour volume has erupted massively by 167.6%, where the total volume on all tradeable platforms amounted to $173.569 Million. The liquidity, as of writing, stands at 12%, looks good and makes it easier to buy or sell TIA closest to its price value on any exchange.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeDLJWJSsMJ3_RgBvQzQjy6zbKulwSwRY367MFm6oU25BgjcdcFKhQtY2kBXLu-iyKluOXtPvh51VQE53QLytxmuu-mKM8U4zJT9E_KQnz7MSzByJGA05eWLLVnQobZTKZkmXegIpfmLm20tCRwTnJBoabS?key=e8Jf2zTikQh0q1cpckf4tg" alt="TIA">
 <figcaption class="wp-element-caption">
 Fear &amp; Greed Index | Source: alternative
 </figcaption>
</figure> 
Meanwhile, market sentiments shifted back to 70 “greed,” as the Crypto Greed &amp; Fear index signaled. This optimistic market sentiment looks poised to fuel the price rally of Celestia beyond its previous all-time high price, making it a 3x gain. However, <a href="https://www.thecoinrepublic.com/2024/07/09/social-sentiments-on-the-rise-as-celestia-price-bounces-15-a-day/">Celestia (TIA)</a> needs to confirms a trend reversal by higher high formation above $12. 
<h2 class="wp-block-heading" id="h-what-does-celestia-tia-derivatives-data-analysis-indicate">What Does Celestia (TIA) Derivatives Data Analysis Indicate?</h2> 
The derivatives data showcased that 23.35% more contracts are live in the TIA derivative market, totaling $174.37 Million OI.&nbsp; 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeAR2djGD_NqJBhcyiGg4vyyGugv3wstp8Ygo8XwP_OD8dbqeafRObQpT1ouCKE8v_5lfcmGzmGah0Rzvq3J2G3_GjO02vfNCm_2ctp72Nt9DRETKuj_iPdgn79HwR-xtU8iXWD9FZKDbkm6IFbY7KLl0k?key=e8Jf2zTikQh0q1cpckf4tg" alt="TIA">
 <figcaption class="wp-element-caption">
 TIA Futures Open Interest (USD) | Source: Coinglass
 </figcaption>
</figure> 
Moreover, the crypto has witnessed a massive incline of 202.46%, which amounted to $793.50 Million. 
<h2 class="wp-block-heading" id="h-is-celestia-tia-fundamentally-sound">Is Celestia (TIA) Fundamentally Sound?</h2> 
As per the Chainbroker, TIA has 15 backers. The leading ones are Bain Capital Crypto, Polychain Capital, Binance Labs, Interchain Ventures, and a few more. Meanwhile, the security score produced by CertiK Skynet showed that the Celestia platform had a BBB tier security score of 75.36. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXeSCiaHiluZJw0euhn2xVxXVHAUQlxXsVMR0H4B8cqrM2-egSulwMiOCrPWNy5PoF5_1dUW4gvA0TfrrSRwB-VST-QhLLrT9E3GhKbfEsO8UMk3qZDjWcdX_yttdp6W08zRdj1G_V18UbJmhry4fH5tHNc?key=e8Jf2zTikQh0q1cpckf4tg" alt="TIA">
 <figcaption class="wp-element-caption">
 Broker Score | Source: Chainbroker
 </figcaption>
</figure> 
Based on TIA’s value generation, backers’ quality, and security measures, it received a 7.89 out of 10, and roadmap has gained 6.19 out of 10. Similarly, its financial health, performance metrics, and socials were 6.64, 8.05 and 9.50, respectively.&nbsp; 
<h2 class="wp-block-heading" id="h-an-insight-on-celestia-tia-tokenomics">An Insight on Celestia (TIA) Tokenomics!</h2> 
The circulation of TIA was 198.906 Million TIA, as of press time. This makes nearly 19% of the total supply of 1.057 Billion TIA. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXe-KxOEwnNxQlBEb_p1iI73Y4-Sjf6pwO8ZZnt4uzwVQWMobQGNE0Oei80E9020DUVuilVQi4vEKeZjkuMbxKRE-y9E0Tz8fNmfQqsXa-0O9GsHbqceaC9tx6ERQGVon2tleu7GF09L57ATDVwqoda3CnOI?key=e8Jf2zTikQh0q1cpckf4tg" alt="TIA">
 <figcaption class="wp-element-caption">
 Celestia token unlocks | Source: CoinMarketCap
 </figcaption>
</figure> 
Furthermore, the allocation of the supply indicates that the seed round had received 15.92%, and initial core contributors received 17.69%. 
<h2 class="wp-block-heading" id="h-what-does-tia-price-structure-highlight-on-the-daily-chart">What Does TIA Price Structure Highlight on the Daily Chart?</h2> 
According to Tradingview, it (TIA/USD-Coinbase) was 225% higher than its all-time low price. The low was at $2.217, registered on November 3rd, 2023.&nbsp; 
Likewise, the all-time high was registered on February 9th, 2024, when the price peaked at $21.140. Comparatively, from the ATH level, the price as of press time was nearly 65% down. 
Thus, the entire price performance led to two key zones: a demand zone at $6 and a supply zone at $21. 
Furthermore, the Celestia price analysis reveals a potential bullish path back to an all-time high price after it recorded 15% gains.&nbsp;  
<a href="https://in.tradingview.com/chart/TIAUSD/zNDAqfie-What-Does-TIA-Price-Structure-Highlight-on-the-Daily-Chart/"></a><a href="https://in.tradingview.com/u/Sam_TCR/"></a><a href="https://in.tradingview.com/"></a>  
Meanwhile, TIA formed two interesting market structures and could rally to $12 in the short term and to $21 in the long term. One was a head and shoulders pattern for anticipated gains up to $12, and the second was a falling wedge pattern for an anticipated 3x rally up to ATH.&nbsp; 
The indicators show that the price has moved past the 50-day EMA band and is headed for the 200-day EMA. Correspondingly, the MACD showcased growth potential, as the histogram stands at 0.196, and the RSI flashed at 59.36. 
Therefore, the resistance for a major rally lies between $12 and $14. The supports that bears could have an eye on are $6 and 4.5, respectively. 
TIA surged 70% in 17 days, forming a bullish pattern. It has strong fundamentals and a growing derivatives market. The price could potentially reach its previous all-time high of $21. 
The post <a href="https://www.thecoinrepublic.com/2024/07/23/a-bullish-pattern-under-formation-will-tia-skyrocket-to-21/">A Bullish Pattern Under Formation, Will TIA Skyrocket To $21?</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.

A Bullish Pattern Under Formation, Will TIA Skyrocket To $21?

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