Celestia's price has recently broken out of its downtrend and appears poised for a potentially significant rally. Technical indicators suggest substantial upside as key resistance levels have been overcome.
TIA Technical Analysis
Analyzing the TIA/USDT chart on the daily timeframe reveals several important developments. TIA was stuck in a downward-sloping channel, causing consistent selling pressure. However, a clear breakout above the upper trendline has occurred, indicating a potential trend reversal or at least a strong bullish move. The recent bounce from a crucial support zone around $2.50-$3.00 signals strong buyer interest. After breaking out, Celestia's price returned to test the previous resistance level, now turned support, before continuing higher.
What's Next for TIA Price?
If the current momentum continues, TIA could soon reach the $6 resistance level. Be cautious of a potential pullback if rejected from the descending trendline near this price point, before another push higher. It's important to note that if the breakout fails and the price drops back below the support zone, the bullish outlook would be invalidated.
Conclusion
TIA has broken through a long-term descending channel, successfully retested it, and is showing strong bullish momentum. The next key resistance is around $6, where we might see profit-taking. How the price behaves in the coming days will determine whether TIA maintains this breakout or faces a correction. For now, the technical picture looks decidedly bullish.
TIA's price movements exhibit favorable bullish signs, but investors must closely monitor market changes and consider correction risks.
