The Celestia (TIA) Price Soars to New All-Time High
The price of Celestia (TIA) has experienced a rapid increase since January 3, reaching a new all-time high of $20.18 today. But will it break out or face rejection?
TIA Reaches Channel’s Resistance
Based on technical analysis of the daily time frame, TIA has been following an ascending parallel channel since November. It has recently bounced off the support trend line twice on January 3 and 8.
After reaching a new all-time high at $2.18, TIA fell slightly. The resistance trend line of the channel seems to be holding for now.
Analysts Optimistic about TIA’s Future
Cryptocurrency traders and analysts have a positive view on TIA’s future price trend. George1Trader noted that the TIA price has reached his target of $20.
ColdBloodShill believes the price will continue to increase, stating that it looks like a new trend is starting to spread its wings.
Hokage urged his followers to stake at least $50 of TIA to farm airdrops, while Jay expressed his admiration for the rally.
TIA Price Prediction: How Long Will Increase Continue?
According to the Elliott Wave theory, which analyzes long-term price patterns and investor psychology, TIA is currently in wave three of a five-wave upward movement.
If this count is correct, TIA could increase by 60% to reach the next resistance at $30. However, falling below the wave one high at $17.50 would invalidate this count and potentially lead to a 30% fall to the closest support at $13.30.
Hot Take: TIA’s Bullish Momentum Continues
The price of Celestia (TIA) has been on a strong upward trend, reaching a new all-time high. Analysts are optimistic about its future, with some predicting further increases. However, there is also the possibility of a pullback if certain price levels are not maintained. As always, it’s important to conduct your own research and seek professional advice before making any financial decisions.
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