Celestia (TIA) continues its upward momentum and is now testing a key price resistance level. Prominent analyst Hamid describes TIA as the “strongest alt rn” and emphasizes the importance of breaking the current resistance to sustain its upward trajectory. With an 80% surge in recent weeks, TIA’s price performance highlights bullish momentum in the altcoin market.
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Celestia Price Chart Analysis
TIA’s price has seen a sharp recovery, and its currently trading at $8.353, reflecting a 1.63% daily gain. The rally began from lows around $4.50 and has pushed the token to test a horizontal resistance level near $8.35. Historically, this price point has acted as a barrier, rejecting bullish attempts multiple times.
Support for TIA’s price is well-established between $6.50 and $7.00, where prior consolidation occurred before the current rally. The uptrend from September to November has been characterized by higher lows, a strong indicator of bullish sentiment. A breakout above $8.35 could pave the way for further gains, potentially targeting psychological levels such as $9.50 and $10.00.
Analyzing the Current Momentum
Hamid’s tweet underscores the importance of the current price action, suggesting that breaking the resistance could lead to “flying higher.” This aligns with the chart analysis, which reveals strong candlestick patterns favoring buyers. Recent candles show larger bodies and smaller wicks, indicating sustained buying pressure.
While volume data is not explicitly shown, the sharp upward move suggests heightened interest in the token. Should the price fail to break the $8.35 resistance, it may retrace to retest support zones near $7.00 to $7.50, offering another opportunity for buyers to regain momentum.
The bullish scenario depends on TIA breaking above the $8.35 resistance level with volume to validate the move. Such a breakout could signal a continuation of the upward trend, drawing in more buyers and pushing the price toward the next resistance near $10. Conversely, if the token faces rejection, it may consolidate or retrace to previously established support zones.
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Market Sentiment Surrounding TIA
Hamid’s description of TIA as the “strongest alt rn” reflects growing optimism around the token’s potential. This sentiment may be bolstered by broader altcoin momentum, as traders seek opportunities during the current market cycle. However, price movement in the coming days will hinge on whether buyers can maintain control and achieve a breakout.
With TIA’s price at a critical juncture, traders are monitoring the $8.35 level for signals of the token’s next move. Whether it breaks higher or retraces, the outcome could set the tone for its price trajectory in the near term.
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