Top crypto analyst ZAYK Charts has shared new insights on Celestia (TIA) and Raydium (RAY). He predicts substantial bullish rallies for both tokens.
According to his analyses, TIA has broken out of a descending channel, while RAY has shown a strong upward trend after an ascending triangle breakout.
These patterns suggest the potential for price gains. This is with TIA aiming for a near doubling and RAY projected to advance further after already achieving notable profits.
What you'll learn 👉
TIA Breaks Out, Targets Major Upside
The TIA chart shared by ZAYK Charts indicates a breakout from a descending channel pattern that had been suppressing the token’s price for an extended period. This pattern, characterized by lower highs and lower lows, broke when TIA surged above the upper trendline, signaling a possible end to the bearish trend.
Following the breakout, TIA was trading at $6.218, showing positive momentum. Although the price has slightly pulled back to around $5.93, the upward trend remains intact. According to ZAYK Charts, a bullish wave of 80-100% could propel the price toward the $12.12-$12.43 range, effectively doubling the current value.
The chart’s trendlines reveal that after breaching the resistance, TIA retested the former resistance level, which is now acting as support. This behavior often indicates strength and readiness for further upward movement.
Key Support Zones Signal Stronger Momentum
The $6.00 level, previously a resistance point, now serves as a key support zone. Analysts often see this as a positive sign, as a sustained move above this level suggests that the breakout is valid, attracting more bullish sentiment.
As long as TIA maintains support above $6.00, the projection of an 80-100% increase remains viable, aligning with the predictions shared by ZAYK Charts.
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Show more +RAY Breakout Suggests Further Gains
In a separate analysis, ZAYK Charts highlighted the bullish behavior of Raydium (RAY), which recently broke out of an ascending triangle. This technical pattern is typically seen as a precursor to upward momentum, marked by higher lows converging toward a horizontal resistance level.
After RAY broke through this resistance, the token experienced a sharp increase, leading to a 24% profit from the breakout point. The chart analysis indicates that RAY, currently priced at $2.99 after a brief pullback, could further climb by 146.94%, potentially reaching $5.50.
The breakout from the $2.40 resistance level has established this price as a solid support, reinforcing the upward trend. The price projection suggests that if RAY maintains its current momentum, it could continue its bullish run toward the next major resistance level of $5.50.
Support and Resistance Levels Hold the Key for RAY
RAY’s breakout from the ascending triangle was a clear signal of an ongoing bullish trend. The $2.40 mark, which served as a previous resistance level, has now turned into support, indicating a solid foundation for further upward movement.
The next major resistance point is expected to be above $5.50, as projected by ZAYK Charts. As RAY continues to trade above $2.40, the possibility of additional gains remains strong.
Read also: Bittensor (TAO) and NEAR Protocol (NEAR) Charts Signal Potential Bullish Moves
Bullish Projections for Both Tokens
The analyses by ZAYK Charts suggest a positive outlook for both Celestia and Raydium. With TIA targeting a potential doubling to around $12.12, and RAY showing signs of reaching above $5.50, both tokens appear poised for continued growth.
The recent breakout patterns for each suggest a shift in market sentiment, which could attract more investors seeking opportunities in the current bullish wave.
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