Is It Too Late To Buy TIA? Celestia Price Soars 11% And This Solana GambleFi Token Might Be The Next Crypto To Explode
The Celestia price rose 11% in the last 24 hours to trade at $5.92 as of 00:36 a.m. EST on trading volume that surged 70% to $338 million.
This comes as Celestia launched its first Mainnet upgrade, Lemongrass, which enhances user experience and interoperability by introducing 1-click interactions over Inter-Blockchain Communication (IBC) for seamless cross-chain transactions.
The upgrade also features Interchain Accounts, allowing Celestia accounts to be managed directly from other IBC-enabled chains, fostering greater connectivity within the Cosmos ecosystem.
Celestia Price Could Continue Soaring
The Celestia price movements since August have formed a double bottom pattern, with the bulls struggling to push TIA above the $6.10 resistance zone, according to data from GeckoTerminal .
The Celestia price has now soared past both the 50-day and 200-day Simple Moving Averages, a confirmation of the recent bullish rally. The 50-day SMA has also crossed above the 200-day SMA, forming a golden cross at $5.43, supporting the bullish stance.
Moreover, the Relative Strength Index (RSI) is soaring above the 70-overbought region, currently at 71, which indicates that TIA is under intense buying pressure.
The Moving Average Convergence Divergence (MACD) supports this sentiment, as it climbs above the neutral line. The blue MACD line has also crossed above the orange signal line, a representation of a bullish crossover.
If the bullish momentum continues, the price of Celestia could keep soaring, as the bulls currently target the $7.5 resistance zone.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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