Celestia Signals Bullish Momentum: Analyst Predicts TIA Price Surge to These Targets

A recent analysis highlights promising developments in Celestia’s price movement, with technical indicators suggesting a potential breakout moment for the digital asset.

As pointed out by analyst Jonathan Carter, Celestia (TIA) is forming a descending triangle, a chart pattern that typically signals bearish continuation. However, in some cases, it can also lead to a bullish reversal.

In the case of TIA, the descending resistance line reflects selling pressure, while the horizontal support at $4.40 has been a key level for buyers. The narrowing price range suggests an imminent breakout, making it a crucial juncture for traders.

One of the key observations in Carter’s analysis is Celestia’s recent breakout above the 50-period Simple Moving Average (SMA). This development signals short-term bullish momentum. If the price manages to hold above this level, it could strengthen the case for an upward breakout. The 50-SMA often acts as dynamic support or resistance, influencing short-term price action.

Among the notable observations in Carter’s analysis is Celestia’s recent breakout above the 50-period Simple Moving Average (SMA). This development signals short-term bullish momentum. If the price manages to hold above this level, it could strengthen the case for an upward breakout. The 50-SMA often acts as dynamic support or resistance, influencing short-term price action.

Now, let’s take a closer look at the price levels that Carter identifies as crucial for TIA.

According to Carter, $4.40 remains a crucial support zone where buyers have repeatedly stepped in. On the upside, resistance levels at $5.15, $5.70, $6.25, and $7.45 could serve as potential price targets if the breakout materializes. At press time, TIA trades at $5.06.

These levels align with historical price movements and volume activity, making them significant markers for traders tracking Celestia’s next move. The RSI is hovering around 49, indicating neutral conditions. This suggests that neither buyers nor sellers have full control, leaving room for volatility.

In Carter’s own words, “Confirm above 50-SMA for a sustained rally. Lots of volume activity around $5.00. If it breaks out, we could see a quick move up.”

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