Can Celestia (TIA) Surge to $20 Next, Setting a New All-Time High?

TIA Increase Culminates With New High

The price of Celestia (TIA) has been steadily increasing since November 10 and recently reached a new all-time high of $12.47. However, it has yet to break out from its central pattern. The question is whether it will do so soon.

The Movement Within an Ascending Parallel Channel

Since November 10, the TIA price has been moving upward within an ascending parallel channel. This pattern is characterized by validated resistance and support trend lines. On November 27, the altcoin bounced off the channel’s support line and experienced a significant increase, culminating in a new all-time high at the resistance trend line.

Predictions and Comparisons

Many traders and analysts have taken note of the massive increase in TIA. Some have compared it to the movement of Solana (SOL) before it went parabolic. Others predict that the increase will continue until reaching $20.

Celestia Price Prediction: Is $20 Within Reach?

According to Elliott Wave theory, the TIA price is currently in the fifth and final wave of a five-wave upward movement that began in November. The RSI indicator also supports further increase, as it broke out from its bearish divergence trend line and is above 50.

If TIA breaks out from the channel, the first target for the top of the fifth wave is $14.50, while the second target is $18.10. However, if there is a significant rejection at the channel’s resistance trend line, a decrease in price may be likely.

Hot Take: TIA Reaches New All-Time High, but Will It Continue to Rise?

The price of Celestia (TIA) has recently reached a new all-time high, sparking excitement among traders and analysts. While the upward movement has been significant, there is still uncertainty about whether TIA will break out from its central pattern and continue to rise. Some predictions suggest that the price could reach $20, while others caution that a rejection at the resistance trend line could lead to a decrease in price. It remains to be seen how TIA will perform in the coming days and weeks.