Ethereum

Token

bullish

Celestia

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-highlights-potential-growth-for-celestias-tia-token/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Highlights Potential Growth for Celestia’s TIA Token</a> 
A well-known analyst shared positive insights about Celestia’s native token, TIA. Pentoshi, whose real name remains undisclosed, suggested to his 824,900 followers on the social media platform X that TIA could potentially see an increase of approximately 100% from its current value.
<h2 id="growth-potential-of-celestia">Growth Potential of Celestia</h2>
According to trade analysis, TIA breaking past the resistance level of around $7.00 could signal a bullish trend. Pentoshi emphasized that TIA’s trend change is clear, but it could be invalidated if the price returns to the previous range.
<blockquote>
 “TIA update: expected to accelerate (this week, hopefully, probably). Clear trend change. It will be invalidated if it closes back into the previous range.”
</blockquote>
<h2 id="eth-btc-pair-and-doji-formation">ETH/BTC Pair and Doji Formation</h2>
The analyst noted a doji bottom formation for Ethereum against Bitcoin on weekly charts. The doji formation indicates situations where the opening and closing prices of a financial asset are close, resulting in a small trading range.
<blockquote>
 “Highly sought-after chart, ETH/BTC. The likelihood of a decline here is high, and at least a short-term reversal is coming. Entering a historically significant point, there is also a nice weekly doji at the lows. Good alignment for now and two things I love in trading.”
</blockquote>
The analyst also highlighted that Bitcoin Dominance (BTC.D) has suddenly dropped below 60%, suggesting that altcoins might begin to outperform Bitcoin. The BTC.D index tracks the portion of the total <a href="https://en.coin-turk.com/whale-activity-in-bitcoin-and-ethereum-sees-significant-increase/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency market</a> cap that belongs to Bitcoin, and a decrease in this ratio indicates potential for altcoins to come to the forefront.
<blockquote>
 “BTC vs altcoins. This could be the real start of <a href="https://en.coin-turk.com/curve-provides-efficient-token-swaps-with-low-fees/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoin</a> season. We will definitely see significant declines along the way, but these are currently buying opportunities…”
</blockquote>
Currently, the BTC.D index stands at 58.64%, increasing the potential for altcoins to strengthen against Bitcoin and raising interest among traders for altcoin investments. According to the analyst’s insights, Celestia’s TIA token could hold support at around $11.74 and move towards a target of $15.34. As of the time of writing, TIA is trading at $7.66.
The ETH/BTC pair is at $3,492, having risen by 6.37% in the last 24 hours, continuing its upward trend. These developments contribute to a positive outlook in the market.
The analyst’s projections indicate that Celestia’s TIA token, the technical indicators of the ETH/BTC pair, and the decline in Bitcoin Dominance suggest potential upward movements in the <a href="https://en.coin-turk.com/warning-to-cryptocurrency-companies-majority-of-companies-fail-to-perform-necessary-kyc-controls/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a>. Traders may continue to monitor these indicators to follow market trends.
The post <a href="https://en.coin-turk.com/analyst-highlights-potential-growth-for-celestias-tia-token/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Analyst Highlights Potential Growth for Celestia’s TIA Token</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.

Analyst Highlights Potential Growth for Celestia’s TIA Token

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