- TIA has surged by 41.72% in the last seven days and 2.52% in 24 hours.
The surge has left traders eyeing a 231% rally
As a seasoned crypto investor with a keen interest in Celestia (TIA), I’m thrilled to see the recent surge in the token’s price. The 41.72% increase in just seven days and an additional 2.52% gain in the last 24 hours have left me optimistic about its potential.
Following a month-long downturn, Celestia (TIA) has experienced a significant rebound. There’s been a notable increase of 41.72% over the past week. Yet, it’s important to note that trading volume has seen a considerable decrease of 46.10% in the last 24 hours.
According to Coinmarketcap, TIA’s market cap has increased by 2.21% in 24 hours to $1.3 billion.
As a crypto investor, I’ve noticed the impressive rise of TIA in the market lately. Some analysts are optimistic about its continued growth, even placing big bets on its bull run. However, others express skepticism and believe this surge could be short-lived. Decilizer is one of those voices, raising doubts about the sustainability of TIA’s recent success.
In the present market situation, $TIA is struggling and is close to hitting the $5 support level, while bearish trends persist. However, it’s expected that there will be a turnaround soon, with Celestia and $PYTH taking the lead in the upcoming bull market cycle. Previously, there was a substantial 720% increase in profit from investing in $TIA.
As a researcher studying the cryptocurrency market, I’ve come across differing opinions regarding the recent price movements of TIA. Some analysts argue that these gains are insignificant in comparison to the losses accumulated during an extended bearish trend. In contrast, recognized crypto expert Noodles posits that a rally for TIA is imminent.
I argue that the ongoing surge is expected to drive prices up by a significant 231% and reach $24. Meanwhile, another analyst holds the belief that Celestia’s growth will persist as molecular blockchain undergoes continuous innovation.
Prevailing market
Based on AMBCrypto’s assessment, the public perception towards TIA is predominantly favorable. According to Market Prophit’s findings, the sentiment score among traders was 0.0844, and the buzz score was 0.3607.
Additionally, the crowd’s Z-score sentiment toward Celestia stood at 0.9543. This figure indicates a strong positive outlook among investors regarding Celestia’s future prospects.
TIA price charts indicate…
Significantly, according to AMBCrypto’s assessment, the TIA market is displaying bullish behavior. The position of the Aroon up line at 92.86% above the Aroon down line at 57.14 suggests that there have been more recent market highs than lows.
Thus, the market was experiencing upward momentum, a bullish signal.
As a researcher, I’ve come across some interesting data from TIA‘s latest report. They mentioned an Relative Strength Index (RSI) of 53 and a Moving Average (MA) based on that indicator at 37.14. The RSI has been climbing upwards for the past seven days, suggesting that the gains have exceeded the losses. This bullish trend becomes more pronounced when we consider that the RSI value is now 16 points above its MA.
As a financial analyst, I can interpret that the Chaikin Money Flow (CMF) reading was 0.08, indicating a positive value. This signifies stronger buying pressure in the market compared to selling pressure. Consequently, demand outweighs supply, resulting in an upward price trend.
After taking a closer look, Santiment data reveals that open interest across exchanges has been on an uptrend for the past week.
As an analyst, I’ve noticed a significant increase in Tia’s open interest per exchange. It dropped to a low of $29.36 million but has since surged to a high of $85.69 million. At the moment, her open interest hovers around $70.89 million, even with losses on the daily charts.
Lastly, as reported by Coinglass, open interest has surged from $80.8 million to $190.43 million between the 8th and now. Consequently, investors have been actively creating fresh positions while maintaining their current holdings.
This shows confidence in the altcoin’s direction and future potential.
Can Celestia surge to $24?
At present, the price of TIA is $7.64 following a 2.52% rise over the past 24 hours. If the current uptrend continues, TIA may hit the near-term resistance point at approximately $8.367.
In a optimistic outlook for the short term, I predict the prices will reach $11.4. However, should the market undergo a correction, the prices would drop by approximately $6.07 instead.
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2024-07-11 20:08