Analyst Sees Major Bullish Wave: Will Celestia Price Surge 100%?

Celestia (TIA) price has stabilized above crucial support levels after a recent dip, setting the stage for a potential bullish run as market dynamics fluctuate. Crypto analysts are closely watching TIA, projecting a potential 100% surge in value. 

This anticipated uptrend follows the TIA announcement of its Ginger upgrade, a significant development for this modular data network. With token unlocks on the horizon, market participants are eager to see how these events may shape TIA’s trajectory.

Crypto Analyst Predicts 100% Surge in Celestia Price.

Crypto analyst shared an X post highlighting a breakout in TIA price from a descending channel. The post indicates a potential bullish wave, projecting an 80-100% surge for TIA. 

This breakout suggests that Celestia could experience significant gains in the upcoming days as technical indicators point toward a bullish reversal.

$TIA Descending Channel Breakout✅

Expecting 80-100% Bullish Wave📈#TIA #TIAUSDT #Crypto pic.twitter.com/UL8KGgmCgT

— ZAYK Charts (@ZAYKCharts) October 25, 2024

Celestia Price Plunges Ahead of Token Unlock

Celestia (TIA) is bracing for a significant token unlock event set for October 30th. According to recent updates, an additional amount equivalent to 80% of the current circulating supply will be released into the market. 

This considerable increase could nearly double the number of tokens in circulation, raising concerns about potential price volatility. The upcoming release aligns with a broader trend of substantial token unlocks scheduled between October 28th and November 3rd, totaling over $1.4 billion.

$Tia Attention! On October 30th, Next week, an additional amount equivalent to 80% of the circulating supply will be unlocked. This is a significant amount. It means that the number of tokens in circulation will almost double. #Tia https://t.co/1jOoodcPFC

— AKIN C (@akincnr) October 25, 2024

Will TIA Price Drop Further Soon?

The Latest TIA price has seen a notable decrease recently. The altcoin is valued at $5.67, marking a 6.79% drop within the last 24 hours. The chart shows fluctuations throughout the day, with its highest price reaching $6.23 but experiencing a steady decline toward the close of the trading day.

The top altcoin is facing strong resistance at the $6 level, a critical barrier that could determine its next move. Surpassing this threshold might signal a shift towards a bullish market, with the next key resistance levels at $8 and potentially $10 if momentum builds. 

The Relative Strength Index (RSI) has recently dropped to 49.19, indicating a neutral position.

Celestia price market trajectory remains uncertain, balancing between a bullish breakout and potential volatility from upcoming token unlocks. Traders are watching key resistance levels closely, as breaking through could signal a strong upward trend in the days ahead.

Frequently Asked Questions (FAQs)

1. How much TIA will be released in the upcoming token unlock?

An amount equivalent to 80% of the current circulating supply will be unlocked.

2. How will the Ginger upgrade impact Celestia’s price?

The Ginger upgrade is expected to enhance the network, potentially boosting investor confidence and price.

3. What is the significance of the upcoming token unlock for TIA?

The token unlock could add volatility, as it will significantly increase TIA's circulating supply.

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