Celestia (TIA), the token of a modular blockchain network, has experienced a significant decline but analysts predict its possible recovery due to positive market signals.
Gradual Recovery of TIA
TIA is showing recovery with a sharp increase of 13% following initial selling pressure. This comes after the announcement of the token being listed on South Korea’s largest exchange, Upbit, confirming support for TIA in BTC, USDT, and KRW trading pairs.
Trading Volume Spike Amid Price Stability
TIA’s trading volume spiked dramatically from under $70 million to over $165 million post-announcement. Data indicates that TIA’s realized volatility dropped to 54.41%, reflecting growing price stability. This combination of declining volatility and increasing volume indicates confidence in a sustained uptrend.
Long-Term Outlook and Short-Term Risks
Despite the short-term recovery, technical indicators on longer timeframes remain bearish. Long-term projections for TIA are optimistic: forecasts suggest a price of $21.22 by 2025 and potentially $64.46 by 2028.
Celestia finds itself at an interesting turning point, showing short-term growth prospects and long-term optimistic forecasts. However, market participants should remain cautious due to potential risks.
