- Summary:
- Celestia rose by more than 9 percent on Monday, and seems on course to break above the $10.00 barrier after a long decline.
Celestia price eased lower on Tuesday, losing the momentum to sustain Monday’s rally. $TIA traded at $9.58 at the time of writing, after losing 0.50 percent. That was in sharp contrast with Monday’s gain of 9.17 percent, but the coin stays on the upward trajectory going back six days on the daily price chart. Furthermore, Celestia hit an intraday high of $9.99, signaling that some upside momentum could still be in the tank.
TIA has registered a good run in the last week, gaining 8.25 percent during that period. This is a significant boost for the token, following a steep decline since mid-February. Furthermore, the coin’s 24-hour volume has risen by 100 percent as of this writing, signaling that it could end the day in a green candlestick.
Celestia announced a partnership with Herodotus and Starknet in early May, triggering great interest from the developer community. The partnership gives developers using the StarkNet app chain access to Celestia DA. However, the momentum triggered by the news died soon after on widespread crypto market downturn. That said, things seem to have taken a turn for good in the last week.
The cryptocurrency market is flashing signs of a rally, with the market bellwether Bitcoin hitting $71k in the last 48 hours. Similarly, Ethereum has risen by more than 20 percent during that period to go past $3,700 for the first time since mid-March. Notably, 12 of the top 20 crypto assets by market capitalization have registered double-digit growths in the last week. Furthermore, only three of the assets have declined during that period. This has raised speculation that the post-halving market rally has kicked in, and Celestia is certainly set to benefit from the rally.
Technical analysis
The momentum on the Celestia crypto price prediction calls for more upside, as signaled by the RSI indicator. The pivot is at 9.51 and the upside is likely to continue if the buyers keep the price above that level. Riding on that momentum, the TIA/USD pair is likely to encounter the first resistance at 9.73. Furthermore, a break beyond that level could build up the momentum to test 10.00. Alternatively, a break below 9.51 will shift the control in favour of the sellers. That will likely see the first support established at 9.33. A continuation of control by the sellers will likely break the support and render the upside narration invalid. Furthermore, it could lead to a further decline to test 9.13.
