Celestia (TIA) Token Makes Impressive Resurgence in the Crypto Market

Celestia (TIA) token was one of the most promising tokens in the crypto market before it became burdened with the downturn.

Celestia (TIA) had a rough year, but recent gains offer hope (msn.com)

Celestia (TIA) has been one of the worst performing tokens for many traders, clocking in atrocious percentages of losses. According to data from CoinMarketCap , this token shows a more than 20% decrease on the monthly chart.

Moreover, the highest price of the token within this time frame was $8.85, while the lowest price was $4.085.

Things get even worse when looking at the 90-day data, which shows a decrease of more than 37%, with the price of this token moving from a high of more than $12 to less than $4 at one point. In fact, the YTD data of this token is also not good. There is a decrease of over 50%, with a price decline from over $20 to about $1 at one point.

However, Celestia seems to be making a resurgence in the crypto market, judging by the weekly chart. Apparently, there is an increase of more than 25%. According to data from CoinMarketCap, the highest price within this period was $7.56, while the lowest price was $4.15.

That is a massive price difference between the lowest and highest price level. Also, within this period, the market cap of this token has increased from less than $900 million to over $1.4 billion.

Celestia’s technical indicators show that its market pattern could be at a time for investors to buy in. There is a chance that the price could increase by 30.38% and reach $ 8.68 by July 15, 2024. But this is just speculation and not financial advice.

According to data from Coincodex , there are expectations for this token to increase by 229.45% and reach $ 21.94 by August 9, 2024. From several technical indicators, the current sentiment is Neutral, while the Fear & Greed Index is showing 28 (Fear). Celestia’s price chart indicates a 12/30 (40%) green day with 16.38% price volatility over the last 30 days.

At the time of writing, Celestia has support levels of $ 6.38, $ 5.54, and the strongest at $ 5.08. Furthermore, the token also has resistance levels that include $ 7.68, $ 8.13, and $ 8.98. Indeed, there are also predictions that Celestia’s 200-day SMA will drop in the next month. If this is to happen, we could see the price of this token hit $ 12.12 by Aug 09, 2024.

The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from CryptoNewsBytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.

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