Celestia recently increased by 11%, breaking out of a falling wedge formation that typically indicates bullish trends. The rise in TIA’s transaction count and price-to-flow (P/F) ratios reflects growing investor confidence.
Despite short-term bullish indicators, caution is warranted as TIA enters overbought territory. Prices need to surpass the resistance level of 3.20 USD for a genuine trend reversal, targeting a potential increase to 5 USD.
Should TIA dip below 2.80 USD, a correction towards 2.40 USD could occur. Increased transaction volumes indicate heightened interest, yet sustained growth depends on attracting a larger user base.
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