Celestia price has recently broken out of its downtrend and appears to be setting up for a potentially significant rally. The technical indicators suggest there could be substantial upside as key resistance levels have been overcome. Let’s look at what the charts are telling us.
World Of Charts notes that TIA is bouncing from a crucial support area. The trendline breakout and subsequent retest have confirmed the move, suggesting a recovery towards the descending trendline in the coming days. They’re expecting a move towards $6.
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TIA Technical Analysis
Looking at the TIA/USDT chart on the daily timeframe, we can see several important developments. TIA had been stuck in a downward-sloping channel for quite some time, creating consistent selling pressure. However, a clear breakout above the upper trendline of this channel has now occurred, signaling a potential trend reversal or at least a strong bullish move.
The price recently bounced off a crucial support zone around $2.50-$3.00, showing strong buyer interest in this area. After breaking out, Celestia price came back to test the previous resistance level (which now acts as support) before continuing higher. This successful retest adds confidence to the breakout.
We’re seeing a sharp upward move following the breakout, which demonstrates increased buying pressure. The next significant resistance level is the upper descending trendline, which lines up with the $6 target. Right now, TIA is in an uptrend with growing bullish momentum.
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What’s Next for TIA Price?
If current momentum continues, TIA could rally toward the $6 resistance level soon. Be aware that rejection from the descending trendline near this price point might result in a pullback before another push higher.
It’s important to note that if the breakout fails and the price drops back below the support zone, the bullish outlook would be invalidated. However, current indicators suggest strength in this move.
TIA has broken through a long-term descending channel, successfully retested it, and is showing strong bullish momentum. The next key resistance is around $6, where we might see some profit-taking. How the price behaves in the coming days will determine whether TIA maintains this breakout or faces a correction. For now, the technical picture looks decidedly bullish.
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