- TIA is forming a falling wedge pattern, a bullish technical setup that often precedes upward breakouts.
- The price is hovering near key support at $1.74, with strong resistance targets at $2.20, $2.75, and $3.40.
- Technical indicators and narrowing price action suggest growing bullish momentum and possible trend reversal.
- Increased trading volume and market interest point to a strong breakout if buyers step in at current levels.
Celestia (TIA) is on the verge of breakout and moving in an upward direction with the overall market. it is forming a falling wedge pattern, which often predicts a bullish reversal. Now the price is hovering around the lower support of the falling wedge pattern and trying to bounce back. Both traders and investors are closely watching this coin as the market is turning from bearish to bullish.
At the time of writing, TIA is trading at $1.74 with a 24-hour trading volume of $51.18M and a market capitalization of $1.17B. Its price is hit by market volatility, and over the last 24 hours it is down by 2.39%, and over the last week it is also down by 14.15%, but it is showing high potential for a new and upward momentum.
Source: CoinMarketCap
TIA Eyes Strong Potential With $4.20 in Sight
Moreover, the crypto analyst highlighted that Celestia is showing signs of strong bullish momentum as it nears a critical technical level. Looking at the daily chart, the coin is now testing the bottom edge of a falling wedge, a shape usually taken as a possible early sign that a rally is brewing. Because the pattern consists of sloping, converging lines, it usually signals that selling pressure is easing and a break upward could soon follow.
TIA has been hovering near that vital support line, and the slight drift upward hints that buyers are quietly creeping in. Despite undergoing a period of price correction, the ever-narrowing wedge shows the price is coiling, signaling a possible breakout. If the bulls show up with enough volume, we might finally see the trend turn.
The technical configuration is attracting growing interest from traders and market observers. In this case, confirmation by price and volume is needed before jumping to a trend reversal hypothesis. If confirmed, this pattern would represent the ending of the ongoing downtrend and a new phase in its market journey.
Source: X
In case of a potential breakout, several upside targets are being watched by analysts. The first resistance is near $2.20, and then higher levels at $2.75, $3.40, and $4.20. Each of these levels is an area of historical supply on which sellers might try to enter again, but once broken, it could form a path for an extended bull run. Combinations of technical indicators confirm that Celestia might gain a fresh and new bullish reversal.
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