Can TIA Crypto Conquer $20 This Month?

The Celestia price edges higher on Tuesday indicating swift gains by the afternoon session on Tuesday. Buyers dominated the short-term trend in the last couple of weeks and are committed to conquering the $20 level. 

TIA crypto is on a gaining streak for the last couple of weeks and is extending higher. Last week the crypto closed near the highs and resumed to stretch higher near the $20 level. The crypto consolidates near the weekly high and is intended to break higher above $20. 

The daily chart suggests that the buyers are comfortably holding near the $20 level for the last couple of sessions. It suggests the bears have turned defensive at the $20 level and have shifted near the upper supply zone of $25 level.

At the time of writing, the TIA crypto was at $19.80 recording an intraday gain of 0.42%. It has a market capitalization of $3.23 Billion and ranks 31st among all cryptos. The volume to market cap ratio is 5.22%, suggesting low volatility. 

Celestia Trend Analysis

The long-term trend rests comfortably on the bullish side above the 50 day EMA. The buyers have kept betting at the lows due to which the price has edged higher after dipping lower. 

The 50-Day EMA has been acting as a dynamic support and pushed the TIA price higher after each dip. Price performance suggests that TIA crypto is a multi-bagger in the short term. 

The crypto has gained more than 400% return in the past three months and is still heading higher.

Currently, $20 is the next hurdle for buyers on the upper side. Once surpassed, the crypto is expected to make its way to the $25 level. Fresh buying may be experienced above $20 level. 

Moreover, the bears are playing at the backfoot as they do not have more opportunities except for short covering after the buyers conquer a particular level. More opportunities may arise if the crypto breaks below the 50-Day EMA. 

Celestia Price Prediction For February 2024

The positive view of analysts predicts an upside potential of nearly 25% by February end, if TIA crypto conquers $20 successfully. It could take the Celestia price near the upper resistance of $25 level.  

On the other hand, the bearish view of analysts predicts that the price could drop near the 50-Day EMA at $15.

Celestia Price Prediction for 2024

The price prediction for 2024 shows that the Celestia may advance to a high of $36.04 by the end of 2024. The less optimistic analysts estimate a price target of $28.29 by the end of the year.

Celestia Price Prediction for 2025

As per the most positive view of our analysts, the price may hit the $54.33 mark, suggesting an upside potential of 174.81% by 2025. The pessimistic view is that the price could reach $37.43 by the end of the financial year 2025.

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.