TIA Flying Above Bars, Will it Reach $15?

TIA price action has produced a higher highs pattern inside the rising parallel channel amid a bullish trend. TIA price has surpassed the crucial barrier of $11.50 and has reached the uncharted territory close to $15. Moreover, the price action witnessed the buying momentum as TIA price continue to extend the gains.

TIA is the native asset of Celestia, a modular blockchain network. At genesis, 1,000,000,000 TIAs were minted.

TIA price chart shows a massive surge and persisted in attaining gains following the crypto market pump. With the positive sentiments, TIA price surged over 60% this week and is revealing bullish dominance on the chart. Per the Fib extension tool, TIA price will go to the highs of $15 followed by $18 this month and will continue its legacy in the following sessions.

The live price of TIA crypto is $13.60 with an intraday gain of 2.05%. Moreover, the trading volume increased by 24.32% to $461.15 Million. However, the pair of TIA/BTC is at 0.000318 BTC and the market cap is $1.91 Billion. Analysts have maintained a buy rating and suggest that buying momentum will continue and TIA price will reach $20 soon.

TIA on Daily Chart Displays Rising Parallel Channel

On the daily chart, TIA price is gaining steadily. The technicals are highlighting the demand of TIA crypto and the trading volume exhibits strong investor interest for the past sessions. Per the ongoing trend, TIA price is trading in the bullish trajectory and has persisted in extending the rally without taking a break.

The Relative strength index (RSI) curve stayed in the overbought zone near 70 shows the outperformance on the charts. The MACD indicator showed a positive crossover and green bars on the histogram, suggesting a favorable bullish outlook for the upcoming sessions.

Hourly Charts Displays Profit Booking

On the hourly chart, TIA token price has surpassed the channel’s upper trendline, but buyers failed to resume the action and profit booking was witnessed. Moreover, TIA price took support on the 20 day EMA mark and is waiting for a rebound to claim the immediate mark of $15.

Summary

TIA price shows strength and has persisted in gaining traction, surpassing the hurdles decisively over the past number of sessions. Given the bullish trend, TIA price may surpass $15 soon. The RSI and MACD indicators are giving strong signals for the coming sessions.

Technical Levels

Support Levels: $13.00 and $12.60

Resistance Levels: $14.20 and $15

Disclaimer

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

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.