Celestia (TIA) Continues Impressive Price Movements
Celestia (TIA) is a newcomer in the world of altcoins, offering users the ability to create their own customizable blockchain that can scale securely as more participants join. Since its launch in November, TIA has steadily risen in price, reaching nearly $15 from an initial price of $1. After a period of consolidation, the altcoin recently experienced a breakout that has turned $14 into a support level. Price discovery is still ongoing for TIA.
Injective (INJ) Shows Remarkable Recovery
Following a recent cryptocurrency market dip, Injective (INJ) has emerged as one of the few altcoins to rebound successfully. The current price of INJ is just 1% below the opening price on Tuesday. It is currently sitting on the support of the 0.618 Fibonacci level and has tested the resistance at $39.58. The next move for INJ is to break this resistance level and turn it into support. The altcoin’s next resistance target is at the 0.786 Fibonacci level, which is at $41.47. INJ also has a more advanced target at the 1.618 Fibonacci level, with a price of $54.
Hot Take: Altcoins Demonstrate Resilience Amidst Market Turmoil
As Bitcoin faces resistance near the $44,000 mark and most altcoins are experiencing losses, altcoins like Celestia (TIA) and Injective (INJ) stand out as examples of resilience during market turmoil. Celestia has shown impressive price movements since its launch, while Injective has bounced back exceptionally well after a recent cryptocurrnecy dip. These altcoins serve as a reminder that the altcoin season may soon be upon us, bringing potential gains for investors. Keep an eye on Celestia and Injective as they continue to navigate the volatile crypto market.
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