Crypto News

Celestia (TIA) Rebounds 13% as Upbit Listing Sparks Momentum — Can Bulls Retain Control?

  • Celestia (TIA) drops 35% a week, but analysts predict a sharp return.
  • On-chain data indicates a variety of diversity for TIA, pointing to a potential recovery.

Celestia (TIA), the folk token of the modular blockchain network, has once again revealed a 13% advances after prolonged bearish pressure. This upcoming follows a significant announcement of the list of South Korea's largest exchanges, upbit, which confirmed support for TIA at BTC, USDT, and KRW trading pair. The announcement Tia's previous descending trajectory, which pushed the token to a weekly less than $ 2.32 on Tuesday, May 7.

Technical indicators show TIA exploded from a continuous collapse of the channel to the 4-hour chart, fueling through a revised pressure purchase and the collapse of trade volume. The wonderful oscillator (AO) returns to positive territory (0.112), boosting bullish momentum. The Elder Force Index (EFI) also spies, proving increased accumulation and demand.

The amount of trade more than doubles in the middle of reduced volatility

Tia's trade volume has been noticeably spiked from under $ 70 million to over $ 165 million post-list, boosting the bullish shift. Glassnode data is further highlights that TIA's two -weeks realized to 54.41%, down from 70% earlier in the week, suggesting growing price stability.

Celestia realizes volatility | Source: Glassnode

This combination – determining volatility and increasing volume – trusts in an ongoing climb. Should the momentum hold, the technical resistance to $ 2.79 could break soon, opening the path to the 0.618 Fibonacci Retracement Level at $ 3.51. A daily close to the top of the 20-day EMA also supports this thesis of this bullish.

Halo -Misus -Se technically shows prolonged bearish pressure

Despite the breakout, Tia's broader trend remains a thorough investigation. Until May 9, technical indicators throughout the longer timeframes remain bearish. The tokens traded at $ 2.38, which is less than 50-day SMA ($ 2.89) and 200-day SMA ($ 4.31).

In addition, the 14-day RSI sits 59, reflecting a neutral zone where accumulation is safe and can spark the purchase of momentum before reaching an overbought level.

Failure to handle above the current EMA zones may result in a pullback to immediate support levels of near $ 2.75 or even more up to $ 2.50 should be in pressure, TIA risks have revised recent lows around $ 2.03, with the worst-case projections suggesting a dip of $ 1.966.

However, the intraday momentum remains more desirable. The MACD indicator in the 4 -hour chart shows the green candles that make up the top of the signal line, with consumers who attempt to recover control. Power balance (BOP), while still staying at 0.49, indicates growing pressure near resistance points.

Long-Term Outlook: Bullish with high potential growth

While short-term indicators remain mixed, long-term price projections for Celestia remain highly optimistic. According to 2025–2031 forecasts, TIA could have reached $ 21.22 to 2025 and potentially up to $ 64.46 by 2028 (average $ 56.11)

These projections are based on Celestia's unique role in the modular blockchain ecosystem, especially its utility in enabling scalable data having layers for rollups. While Ethereum Layer 2 solutions get traction, TIA is positioned to benefit from greater adoption and integration.

Careful optimism for short term, strong potential long -term growth

Celestia's short-term recovery, triggered by the Upbit list, marks a critical return to Momentum, with key indicators that support an ongoing rally towards $ 3.51.

However, technical bearishes in longer hours and weaknesses in the trends in the MacRO market are cautious in caution. Entrepreneurs must watch for confirmation of volume and difference -RSI varies as potential return signals.

The basis of the TIA and modular blockchain model makes it a project to watch long -term investors, especially since Ethereum scalability remains a leading focus on the industry.

Highlighting crypto news for now

‌Bybit exceeds 70 million users, signal exploding growth and global trust

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button

Adblocker Detected

Please consider supporting us by disabling your ad blocker