Bitcoin

Ethereum

Celestial

Celestia

Celestia’s token has broken out of its downward trend and rebounded to $7.16, signaling a possible rally. Trading above the 20 EMA, it could hit $8.07 if it surpasses the 50 EMA resistance at $7.51.JOIN CRYPTOS HEADLINES<a href="https://t.me/CryptosHeadlines" rel="noopener noreferrer nofollow">TELEGRAM CHANNEL</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/ebd2b940a22642b4a62e786c9057b594.svg&#43;xml" />Five months ago, Celestia (TAI) hit an all-time high of $20.09 but then fell by 65.37%. Since July 9, the price has begun to recover significantly, with a 17.36% increase in the last 24 hours. Now trading at $7.16, it looks like the cryptocurrency could continue to rise.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/4fb2f9af5817487997153a6448fd337f.png" /><h3 id="celestia-tia-shows-potential-for-upside-after-recent-downturn">Celestia (TIA) Shows Potential for Upside After Recent Downturn</h3>Celestia’s token, which saw its lowest price since November 2023 at $4.78 on July 5, has recently emerged as the highest gainer of the day. At that low, the token was down 80% from its all-time high (ATH).The daily TIA/USD chart reveals that this prolonged decline formed a descending channel, a bearish pattern characterized by lower highs and lower lows. This pattern indicates a downtrend with periods of consolidation.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/a46885e4d23043d1aa690368f0903410.webp" />Celestia Price Analysis. Source: <a href="https://www.tradingview.com/x/G0IzNd4i/" rel="noopener noreferrer nofollow">TradingView</a>During this decline, bulls created a demand zone between $5.06 and $6.09, which has now supported a rebound. If this upward momentum continues, Celestia might see further price increases.Trader Satoshi Flipper noted that the extended consolidation period could lead to significant price gains. He suggested that breaking out of the 8-month consolidation channel at $8.50 could trigger substantial <a href="https://cryptosheadlines.com/cardano-ada-investors-anticipate-upward-movement-ripple-xrp-sees-temporary-surge-furrever-token-captivates-with-15x-potential/" rel="noopener noreferrer nofollow">upward movement</a>, with longer consolidations often leading to stronger price pumps.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/4fb2f9af5817487997153a6448fd337f.png" /><img src="https://academy-public.coinmarketcap.com/optimized-uploads/82efd99192f14ab3942e522fd675fd05.webp" />Celestia Weighted Sentiment. Source: <a href="https://app.santiment.net/charts/2ibFBydE__sCl" rel="noopener noreferrer nofollow">Santiment</a>On the on-chain front, Santiment data shows an improvement in sentiment for Celestia. The Weighted Sentiment metric, which measures online comments about a project, has risen from -0.633 on July 7 to 2.745. This positive shift indicates that optimistic mentions of the token now outweigh negative ones, potentially boosting demand for Celestia.<a href="https://cryptosheadlines.com/notcoin-not-shows-bullish-divergence-but-faces-challenges/" rel="noopener noreferrer nofollow">Also Read: Notcoin (NOT) Shows Bullish Divergence but Faces Challenges</a><h3 id="celestia-tia-technical-analysis-and-future-outlook">Celestia (TIA) Technical Analysis and Future Outlook</h3>An analysis of Celestia’s daily chart reveals that the token has recently risen above the 20-day Exponential Moving Average (EMA), signaling a bullish trend. The EMA, which measures trend direction over time, indicates that the trend is positive when the price is above it. As long as TIA remains above this EMA, the price is likely to continue its upward movement.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/7d080155ce5c4c8895ed46148b5022a3.webp" />Celestia Daily Analysis. Source: <a href="https://www.tradingview.com/x/UI1d2mLP/" rel="noopener noreferrer nofollow">TradingView</a>Additionally, TIA is approaching a critical point where it could break above the 50-day EMA, currently at $7.51. A successful breach of this resistance could see the token target $8.07. The Relative Strength Index (RSI), which measures momentum by assessing the speed and size of price changes, stands at 53.07. Since the RSI is above 50, it indicates bullish momentum. If the RSI continues to rise, TIA’s price may follow suit, with potential short-term targets between $8.07 and $9.16.Beyond technical indicators, the upcoming Modular Summit on July 11 could further support TIA’s price uptrend. However, this positive outlook could be overturned if market sentiment turns bearish or if profit-taking occurs. A failure to surpass the 50 EMA could also lead to a decline, with TIA’s price potentially dropping toward $6.00.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/a2c61a398db84d24a54745862315c7ca.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Celestia (TIA) Up 17%; Bullish Trend Expected

Table of Contents

CryptosHeadlines.com

Muita 10. heinäk. 2024 julkaistuja artikkeleja

Top Trader Believes This Dogecoin, Shiba Inu Rival WIll Go To 'Zero Eventually'

BlockDAG’s X1 App Launches On App Store As Avalanche (AVAX) Price And Solana Stability Falter; Pr...

Pendle Seizes the Future of DeFi with RWA Integration

Malaysia Lost Over $755 Million Due to Illegal Bitcoin Mining Since 2018

Breaking: Uniswap Labs Urges SEC to Rethink DeFi Rule Expansion

Confidently Send Multiple NFTs in Bulk

Join our free newsletter for daily crypto updates!