Featured Image from Unsplash.com, Chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Celestia (TIA) has displayed a remarkable performance over the week, swiftly recovering from the early October crash. The token is now leading the crypto market\u2019s recovery in the daily timeframe, suggesting a possible continuation of its bullish momentum before the month ends. Related Reading: \u2018Cardano Isn\u2019t Dying\u2019: Charles Hoskinson Defends Project Amid ADA Price Criticism Celestia Leads The Crypto Market TIA, the native token of modular blockchain Celestia, has seen a 7.3% surge in the past week. The cryptocurrency recovered from the October 3 lows, moving from the $4.5 support level to trade above the $5 mark this Friday. Celestia has been on a downtrend since hitting its March all-time high (ATH), suffering a brutal 80% correction from $20 to $4 in the past six months. September\u2019s retrace dragged TIA below the $4 mark, registering its lowest price since early November 2023. However, the token\u2019s Q3 retraces didn\u2019t alarm many investors who considered Celestia\u2019s on-chain developments a potential bullish sign. Since then, the cryptocurrency has seen a 40.1% monthly increase, fueling the bullish sentiment among the community. Today, TIA registered eight hourly consecutive green candles, propelling the price 14% from the $4.9 zone to the $5.6 resistance level before retracing to the $5.5 mark. Throughout the morning, the token has hovered between $5.50-$5.55, recording a 16.3% surge in the past 24 hours. This performance crowned Celestia as the largest gainer among the top 100 cryptocurrencies by market capitalization, only followed by Worldcoin (WLD), Dogwifhat (WIF), and Popcat (POPCAT). Is A Big Move Coming For TIA? Several market watchers note Celetia\u2019s performance, suggesting that the cryptocurrency\u2019s chart hints a breakout may be around the corner. To crypto analyst Yuriy, TIA\u2019s performance indicates a \u201cbig move is coming,\u201d remarking that its open interest (OI) significantly increased in the past month. Meanwhile, crypto analyst Poseidon noted TIA\u2019s 80% correction, asserting that we might be near the end of the \u201cbrutal downside trend.\u201d To the analyst, the price\u2019s 4-month range between $4-$7 looks like a potential bottom, which could signify the ongoing bullish momentum will continue. However, Poseidon asserted that TIA must reclaim the 50-day and 200-day exponential moving average (EMA) to call the trend shift. Similarly, crypto trader Bluntz previously suggested that the cryptocurrency had bottomed, displaying an inverted head and shoulders pattern after the weekly recovery. Related Reading: Experts Discuss What Made Solana Memecoins The Cycle\u2019s Top Narrative Youtuber Crypto Jack noted that Celestia\u2019s bounce from the $4.5 support zone targets the upper trendline of its 4-month consolidation range. To the analyst, the bullish momentum could send TIA above the $7 resistance level this month. Other analysts called it one of \u201cthe most tempting altcoins to buy,\u201d setting targets above $10 for Celestia. Nonetheless, some noted that the upcoming token unlocks, set to start on October 30, could negatively impact TIA\u2019s price. Featured Image from Unsplash.com, Chart from TradingView.com<\/p>\n","protected":false},"author":614,"featured_media":639630,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[89781,91100,93193,26263,10923,85288,89756,91898,9301,89784,91711,88685,83778],"class_list":["post-647526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-celestia","tag-celestia-blockchain","tag-celestia-token-unlock","tag-crypto-analyst","tag-crypto-market","tag-crypto-market-crash","tag-crypto-trader","tag-popcat","tag-tia","tag-tiausdt","tag-wif","tag-wld","tag-worldcoin"],"acf":[],"yoast_head":"\n
Celestia (TIA) Leads Crypto Market With 16% Surge, Will It Hit $7?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n