Celestia (TIA) has surged by an impressive 12% in the last 24 hours, indicating a possible breakthrough above the $4 level. Despite facing some challenges from the broader market, Celestia's current upward trend looks promising.
The altcoin's Relative Strength Index (RSI) has hit a three-month high, showcasing strong bullish momentum. This uptrend suggests that TIA's price may continue to rise, especially given its -0.69 inverse correlation with Bitcoin, indicating relative independence from BTC's fluctuations.
With the RSI pointing towards increased bullish momentum, Celestia could sustain its upward trajectory. If this trend persists, there is a high probability of Celestia breaking through the $4 resistance level.
Celestia's price movement is also influenced by market trends, with the Ichimoku Cloud hinting at bearish signals in the overall market. However, currently, TIA remains resilient above the candlesticks, offering some protection against market pressures.
While Celestia is gearing up for a potential breakout, trading at $4.09 and holding above the $3.88 support level, it is crucial to breach the $4.50 resistance point for further upward momentum towards the $5.00 mark.
In case of a failed breakout attempt, a pullback could lead to a test of the lower trend line at $3.88. Falling out of this pattern may result in a decline to $3.23, risking a shift in the bullish trend. Stay tuned for more updates on Celestia's price action!