- Celestia (TIA) token rises, hitting the top gainer on CoinMarketCap this week.
- Technical analysis shows a potential bullish trend for Celestia token.
Celestia (TIA) token has received a lot of attention this week after rocketing to the top gainers list on CoinMarketCap. Celestia is the world’s first modular blockchain network, offering infrastructure for developers to create and maintain blockchains.
After trading flat for seven days, the TIA token has finally soared, climbing 17.40% to $7.63 with a trading volume of $130.76 million.
Technical Analysis Suggests Bullish Potential for Celestia Token
Additionally, popular analyst and trader Cryptollica expressed an optimistic view on Celestia, emphasizing its technical characteristics.
According to the chart published by Cryptollica, TIA’s price appears to be in a falling wedge pattern, with the $7.367 level serving as the nearest barrier and the upper border of the wedge as the foundation for the token’s ongoing ascent.
Based on the current price of TIA, the chart’s resistance level has been breakout, making the upper limit of the falling wedge the final barrier for potential future rises.
Previously, we reported highly bullish predictions for Celestia from other popular analysts. According to Houseofcryptokings, TIA’s minimum price goal during this bull run is $146. If this level is breached by January 2025, the maximum target of $186 may be met.
Furthermore, earlier this month, CNF highlighted Celestia, adding that social intelligence firm LunarCrush saw TIA strengthening its social influence, contributing 1.45% at that time. In addition, Celestia Data has reached a new milestone for the number of unique TIA delegators, approaching 500,000.
These developments highlight Celestia’s expanding interest and hopeful outlook, solidifying its place as a major participant in the crypto market.
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