Celestia (TIA) Price Prediction 2022-2023

Celestia [TIA] has emerged as a top performer in the recent altcoin rally. Despite a slight 3.45% decline over the past 24 hours, it remains up 22.80% for the week, maintaining a strong overall upward trend.

Celestia (TIA) has had a remarkable run in the recent altcoin rally, despite a slight 3.45% price decrease over the past 24 hours. However, TIA's overall performance remains bullish, with a 22.80% gain in the last seven days. At press time, TIA stood at a crucial juncture, with AMBCrypto analysis closely monitoring the price action to gauge the next move.

TIA's recent rally can be largely attributed to a bullish triangle pattern. However, to maintain its upward momentum, TIA needs to decisively breach the pattern's resistance (white dotted line) for a bullish continuation.

This setup presents multiple price scenarios. In a bullish scenario, TIA will breach the resistance, aiming first for a short-term target of $8.34, with potential to eventually reach $11.96.

Alternatively, it could find support at $5.368 before attempting a breakout.

Conversely, in a bearish case, TIA might fall to the channel's base at $4.886, with further pressure potentially driving it down to $4.512.

Market sentiment was mixed for TIA, though data from Coinglass showed a bullish trend in Open Interest and Open Interest Weighted Sentiment.

Open Interest, which reflects the number of unsettled derivative contracts, was bullish for TIA, gaining 5.45% to reach $248.39 million at press time.

The Open Interest Weighted Sentiment, which assesses the strength and direction of trader positions based on contract volume, has also remained bullish, climbing steadily since the 31st of October and reaching a high reading of 0.0453%.

Both metrics suggested a likely sustained run for TIA with its recent gain.

However, additional indicators suggested potential bearish pressure. In the last 24 hours, $1.67 million in long liquidations indicate that traders anticipating a breakout have faced losses.

Moreover, Exchange Netflow showed a significant influx of TIA into exchange wallets, signaling that some traders may be preparing to sell, either to lock in profits or due to waning confidence in further gains.

For a clear directional trend, market sentiment would need to align. If bullish momentum dominates, TIA could rally toward $11.96.

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