Celestia (TIA), which has recently completed a lock opening, may enter a potential uptrend according to technical analysis.
On October 31, 175 million TIAs were unlocked, accounting for $1 billion. TIA, which decreased by 7 percent with the lock opening in question, has been showing signs of recovery in recent days.
It was noteworthy that TIA broke the falling wedge formation on the four-hour price chart. AMBCrypto interpreted the breakout of the falling wedge formation as a bullish reversal signal.
As the negative outlook continues in the crypto market, will TIA price gain strength?
Celestia (TIA) analysis: Is an uptrend coming?
In a prepared chart analysis, bullish expectations were expressed for Celestia (TIA).
Despite the recent decline, TIA price has approached a significant resistance zone. Trading in the $4.5 region, TIA gave a bullish signal on technical indicators.
AMBCrypto used the following statements in the analysis;
“Specifically, once the resistance level at $4.92 is overcome, it may be possible for the price to rise to $5.43. Breaking this resistance level could attract more investors and trigger a major rally.“
TIA also started to attract attention on social media platforms. According to the latest data, the token’s social dominance rate has increased to 0.205 percent. Increased mentions can often lead to high trading volume and investor enthusiasm. In the analysis evaluating social metrics, the statement “It may rise with this metric” was included.
Celestia (TIA) chart review
According to the chart analysis published by AMBCrypto, TIA price may make a significant upward move in the short term. The analysis indicated that TIA should surpass the resistance at $5.43. If TIA persists above the said level, it could settle in the $6.20 to $6.5 range.
The analysis noted the following;
“If the $6.20 to $6.5 zone is breached, a larger rally may begin and TIA may attract the attention of a wide range of investors.”
62861
