Celestia (TIA) has shown strong bullish momentum, breaking out of a prolonged descending channel, signaling a potential trend reversal. According to analyst World Of Charts, this move aligns with predictions of a rally toward $7.50, with a possibility of further gains to $12.
TIA’s recent breakout from a descending channel suggests a change in market sentiment. The price had been constrained within two parallel trendlines, indicating a bearish pattern.
However, the breakout above the upper trendline marked a shift, confirming a potential bullish trend. TIA trades around $6.19 and has maintained consolidation above the breakout level, reinforcing this trend reversal.
World Of Charts emphasized this shift, stating that TIA’s breakout was “as expected,” pointing to $7.50 as the first target. The analysis suggests that surpassing this level could attract further buying interest.
What you'll learn 👉
Key Resistance Levels: $7.50 and $12.00
The chart highlights two critical resistance levels that could influence TIA’s price action. The first, at $7.50, aligns with World Of Charts’ initial target and could serve as a take-profit zone for short-term traders.
If TIA successfully breaks through this level, it may encounter less resistance on its path to $12.00, the next significant price target.
The projection on the chart indicates a 95.46% potential gain from the current price if TIA reaches $12. The price movement suggests a well-defined trading plan, where the $7.50 level acts as an initial checkpoint, setting the stage for a possible rally toward the $12 mark.
Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!
Show more +Read also: Why Is BOOK OF MEME (BOME) Price Going Up Today?
Technical Analysis of Celestia (TIA)
The descending channel breakout was a pivotal moment for TIA. Prior to this, the token was characterized by lower highs and lower lows, reflecting a bearish market trend.
The recent breakout has led to a consolidation phase, showing strength above previous resistance levels. This consolidation is often seen as a sign of price stability before another potential upward movement.
Hence, a sustained move above the $7.50 level could indicate continued bullish momentum. It potentially could push prices toward the $12 target mentioned by World Of Charts.
Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
