Celestia Soars 11%—Is the Next Big Rally Brewing?

• After an 11% rally, Celestia is trading at $3.61.
• TIA’s daily trading volume has surged by over 56%.

The global crypto market cap has climbed by 2.12%, reaching $2.72 trillion. Meanwhile, Bitcoin and Ethereum remain range-bound, exhibiting only modest movement within their established price zones. Notably, Celestia (TIA) has seen a steady upswing, posting an 11.73% gain.

Celestia’s resistance at $3.54 and $3.61 have been retested to reinforce the bull dominance. TIA rebounded from its $3.17 low in the early hours and charged up to a peak of $3.78 on strong bullish support.

At press time, Celestia traded within the $3.61 range, with its market cap reaching $2.02 billion. TIA’s daily trading volume is resting at $201 million. In addition, the market recorded a $1.88 million in Celestia liquidations.

Will the Bulls Keep Pushing TIA Higher?

The four-hour candlestick confirms the broader bullish shift of Celestia. The awakened bulls could likely jump toward the $3.74 resistance. Upon clearing this range might ignite a rally to the $4 level. 

On the downside, assuming the bears reclaim the dominance and pull TIA down, the price might fall back to $3.49. Further downside breakdown could drive Celestia retrace toward the $3 mark.

TIA’s Moving Average Convergence Divergence (MACD) line and the signal line have crossed over the zero line. It indicates a clear bullish crossover and shows upward strength in the price trend of the asset. 

Moreover, the Chaikin Money Flow (CMF) indicator settled at 0.10 suggests that the money is flowing into the asset. Meanwhile, the daily trading volume of Celestia has increased by over 56.19%. 

The Bull-Bear Power (BBP) reading of 0.468 signals the bulls have the upper hand, reflecting modest buying pressure. TIA’s daily relative strength index (RSI) value of 67.95 infers that the asset is approaching the overbought zone. 

Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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