TIA Price Triggered a Breakout; Will It Extend to All-time High?

• The Celestia price has surged by 36% in the past 4 days.
• The TIA price has surpassed the 100-day EMA and is heading toward the $200-day EMA.

The TIA chart structure displays that the price has witnessed strong selling pressure since mid-February. The price has displayed a great fall during this momentum after every negative pullback.

The bearish trend has interrupted near the $8 hurdle in mid-April and gained bullish momentum for the short term. After a month, sellers tried again to drag down the price below the $8 mark, but buyers bounced back and up by 47% in 2 weeks.

Turning to the technical indicators, the TIA price has surpassed the 100-day EMA and is heading for the 200-day EMA, which showcases the bullish forecast. MACD has formed green histograms, and a golden crossover between the MACD and the Signal line has been generated.

Will TIA Price Reclaim $11.80 Mark Soon?

Based on a source on ‘X’ formerly called Twitter, the Celestia price has triggered a pullback on a weekly time frame. Suppose the running candlestick closes over the $11.80 mark, it would be a buying opportunity. Suppose the chart structure attracts investors; the price may record a new all-time high.

Price vs Development Activity

The given data of TIA price and development activity indicates that the development activity in Celestia crypto price has remained constant but the price has reacted negatively. The rise in development activity in Celestia crypto might impact the price positively.

TIA Price Prediction: Will It Reclaim the $20 Hurdle Next Month?

At press time, the Celestia price traded at $11.26 with an intraday loss of $3.33%. The market capitalization is $2.10 Billion, and the fully diluted market cap is $11.78 Billion. The 24-hour trading volume is $349.24 Million, up by 41%.

The chart structure displays that the TIA price has been falling by facing resistance from a trendline. Recently, the price has triggered a breakout from the trendline with an enormous rise of 600% in trading volume.

Suppose the Celestia price surpasses the 200-day EMA and sustains, the buyers may show interest and a buying momentum can be expected. On the other hand, if the price faces resistance from the key moving averages and falls, it may be considered a breakout, and strong selling pressure can be expected.

Conclusion

The recent Celestia price surge, positive technical indicators, and potential buying opportunities suggest a bullish momentum in the short term. The possibility of reclaiming the $11.80 mark and even reaching the $20 hurdle next month is on the horizon. Additionally, the correlation between development activity and price performance indicates a potential positive impact on the price due to increased development activity. 

Technical Levels

The TIA price may face resistance from the $15 and $20 levels if it gains bullish momentum. Alternatively, the price is expected to take support on the $8 and $5.50 marks.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

Dr. Naveen Singh

Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.