Ritika_TCR

Can Celestia Bounce Back From The Support?

Long
COINBASE:TIAUSD   Celestia
Can Celestia Bounce Back From The Support?
Celestia, which is a modular blockchain platform, offers the unique ability to create personalized blockchains with ease. TIA stands out by separating the execution process from consensus, thanks to its innovative approach to data availability sampling.



In the previous week Celestia crypto noted a breakout of a declining parallel channel, signaling a potential end to the correction phase. Despite this positive development, the asset struggled to break through the resistance level of $12 mark, subsequently retreating towards the support level near the $9.

Looking ahead, if the market sentiment turns bullish around the recent support of $9 and triggers a price rebound, it may result in a short term bullish reversal, potentially leading to gains for the TIA crypto. It has a live market capitalization of $1.73 billion and ranks 59th in the cryptocurrency world.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.