Celestia (TIA) Soars 21% in 24 Hours: Bullish Momentum Signals a Major Rally
- Celestia (TIA) has surged 21% in the last 24 hours, signaling strong bullish momentum.
- Trading volume has spiked by 71%, reflecting increased market interest.
- Reclaiming key support levels strengthens the case for an extended rally.
- A breakout above the 50-day EMA could trigger a move toward the $7.5 resistance zone.
Celestia (TIA) is showing strong bullish momentum, positioning itself for a potential explosive move to the upside. Over the past week, TIA has climbed nearly 9%, while in the last 24 hours alone, it has surged by an impressive 21%, signaling a continuation of its upward trajectory.
Currently, Celestia is trading at $4.12, boasting a 24-hour trading volume of $596.97 million and a market capitalization of $2.06 billion. Notably, its trading volume has spiked by 71%, reinforcing the growing interest and potential for further gains.
Celestias Technical Setup Hints at a Breakout
Market watchers highlight that TIA is at a crucial technical juncture. After reclaiming a key horizontal trendline support on the daily timeframe, the asset is flashing strong bullish signals. With a 20% surge in the last 24 hours alongside rising volume, a breakout rally of 100%120% appears increasingly likely.
One of the key technical levels to watch is the 50-day EMA (yellow), which TIA is currently attempting to reclaim after multiple failed attempts. A daily close above this level could act as a confirmation of bullish strength, potentially triggering an extended rally.
If the breakout sustains, the $7.5 resistance area becomes a key target. This zone has served as a critical support/resistance (S/R) level since last July and aligns with the 1-year EMA (red), which previously acted as resistance.
With TIA outperforming the broader market over the last two weeks, all signs point to a significant move ahead. If bulls maintain momentum and break out of the $3.7$4.5 accumulation range, the next leg up could send prices soaring.
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Read more: https://www.tronweekly.com/celestia-tia-soars-21-in-24-hours-bullish-momentum-signals-a-major-rally/
Text source: TronWeekly
