Celestia

Date: Fri, Nov 22, 2024, 03:07 PM GMTThe cryptocurrency market has entered a bullish phase following Donald Trump’s victory in the U.S. elections on November 5, 2024. This has pushed Bitcoin (BTC) to a new all-time high of $99,502, with a 47% surge over the last 30 days.Major <a href="https://coinsprobe.com/cronos-cro-rebounds-strongly-is-a-key-breakout-on-the-horizon/" rel="noopener noreferrer nofollow">altcoins </a>have followed suit, but Celestia (TIA) is still on the verge of joining the broader rally. Following its recent $839 million <a href="https://coinsprobe.com/celestia-tia-price-declines-post-massive-839m-token-unlock-what-lies-ahead/" rel="noopener noreferrer nofollow">token unlock</a> event on October 30, TIA saw some consolidation. However, with weekly gains of over 16%, the token is now trading near a critical breakout level.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/74c0f7ef85e94df084be1dda07528973.png" />Source: Coinmarketcap<h3 id="eyeing-a-key-breakout">Eyeing a Key Breakout</h3>Currently, TIA is trading at $5.51, approaching the upper trendline of its descending wedge near $5.70. A breakout above this level could act as a catalyst for a significant rally.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/1c501ffc512e414b9481e315239fce3c.png" />Key levels to watch:<ul><li>$6.48: A confirmed breakout above this level would validate a bullish reversal and attract strong buying interest.</li><li>$7.49 and $12.00: These are the next major resistance levels, representing a potential &#43;118% gain from the current price.</li></ul>The daily chart highlights TIA consolidating within a descending wedge pattern—a structure often signaling a bullish breakout. The RSI indicator, currently at 56.18, shows the token has room for further upside momentum.<h3 id="what-to-expect-ahead">What to Expect Ahead?</h3>If TIA manages to break above the $5.70 trendline and confirm a close above $6.48, it could trigger a rally toward $7.49, marking the first major resistance. Beyond that, the bullish momentum could push the token as high as $12.00, a level not seen in months.However, a failure to break out of the wedge could lead to continued consolidation or a retest of lower support levels near $5.00. The broader market sentiment, which has been bullish, may also play a crucial role in TIA&#39;s movement.<h4>Conclusion</h4>Celestia (TIA) is at a pivotal moment. With the broader crypto market gaining momentum and the token nearing a breakout point, the coming days will be critical for TIA’s price trajectory. A confirmed breakout could set the stage for substantial gains, aligning TIA with the bullish trends seen in other cryptocurrencies.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/dogecoin-is-repeating-the-moon-phase-pattern-could-doge-reach-7/" rel="noopener noreferrer nofollow">Dogecoin is Repeating the Moon Phase Pattern: Could DOGE Reach $7?</a>

Celestia (TIA) On The Verge Of Key Breakout: What To Expect Ahead?

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