The Celestia Price Soars
The Celestia price has seen a significant increase of over 23% in the past 24 hours, reaching $6.31 as of 8:15 am EST. The cryptocurrency has also shown impressive performance over longer periods, with a 166% increase in the past 7 days and a more than 200% increase in a month.
Celestia Price – Where Next?
Experts predict that the price could drop to as low as $3.8900 in the next couple of days. However, if it closes two consecutive 4-hour candles above $6.800 within the next 48 hours, there could be a bullish scenario, boosting the price to an all-time high (ATH).
Technical indicators on TIA’s 4-hour chart show that the altcoin’s bullish momentum has slightly simmered down. If the MACD line crosses below the MACD Signal line, traders and investors may need to brace for a test of the support level at $5.5495.
Potential For A New ATH For The Celestia Price
Despite this, bulls may attempt to prevent a test of the immediate support level, as a significant bullish technical flag was triggered. This means that the Celestia price could enter into a pursuit to set a new ATH.
Furthermore, there is potential for a spot Bitcoin ETF receiving approval, which could greatly impact the cryptocurrency market.
Riding The Spot Bitcoin ETF Wave
The Celestia project is designed to benefit from the high probability that spot Bitcoin ETFs will soon receive approval in the US. This clever play on the phrase “Bitcoin ETF” is gaining traction as investors eagerly await potential approvals.
Rampaging Through Fundraising Milestones
Bitcoin ETF Token is attracting investors by raising over $700K. The native cryptocurrency, BTCETF, is selling for just $0.0052 and is set to generate returns during its presale.
Within the next 24 hours, BTCETF’s price will be increased, offering promising investment opportunities for early-stage investors.
The many spot Bitcoin ETF applications filed by reputable asset managers like BlackRock and Grayscale could lead to substantial capital injections for the cryptocurrency sector.
Hot Take: The Future of Celestia
Celestia’s recent surge in price reflects growing interest and investment in cryptocurrencies. With potential developments such as spot Bitcoin ETF approvals on the horizon, there’s anticipation for further growth and potential all-time highs in store for Celestia.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.