The post Celestia Grabs Attention With Innovation! Where Will TIA Price End This Year? appeared first on Coinpedia Fintech News
Despite the crypto industry facing a correction in value, some altcoins have recorded a positive trend. Celestia price has displayed massive price action as the coin has gained approximately 200% since its inception.
The TIA price experienced a significant uptrend following the news of its departure from the conventional monolithic blockchain model. Celestia switched to decoupling consensus, which enhances scalability and maintains robust security with decentralization.
This mechanism is expected to set a new standard in blockchain technology in the coming time. Further, Celestia has recorded a transaction flow worth $852,850,435 within the past 24 hours, with its circulating supply of 141,043,528 valued at over $835 Million in the crypto market.
Following its launch, the TIA price experienced a correction of 10% in value, after which it was seen trading in a consolidated range between $2.1877 and $2.5158 for a week.
After multiple failed attempts, Celestia’s price successfully broke out of its resistance level, resulting in the price gaining momentum and breaking out of numerous resistance levels. The TIA price was then rejected at $5.5314, following which the price experienced a correction of approximately 15% in value.
The bulls regained momentum, resulting in the price gaining momentum and breaking out of the resistance level. Celestia token was rejected at $6.4525, after which the price has been hovering close to the level and is expected to attempt to break out soon, of which the outcome is uncertain.
Will TIA Price Continue Increasing?
The Moving Averages Convergence Divergence (MACD) displays a constant green histogram since the coin’s inception, indicating healthy buying and selling pressure for the coin. Further, the averages show a flatline, suggesting an uncertainty in the future price action.
If the bulls continue to gain power and push the price above the resistance level of $6.4525, the TIA price will regain momentum and run to test its upper resistance level of $7.00 this month.
Conversely, if the bears overpowered the bulls, the coin will lose momentum and fall to test its support level of $5.5314 soon. Moreover, if the market bears continue to dominate, it will further plunge and test its lower support level of $5.0898 in the coming days.
#PriceAnalysis #Altcoins [Source: Coinpedia]