Celestia (TIA) Price Prediction: Will the Altcoin Breakout Above $4?

Celestia (TIA) has experienced a notable 12% price jump over the past 24 hours, signaling a potential breakout above $4.

The Relative Strength Index (RSI) for Celestia has recently reached a new high over the past three months, highlighting the strength of the altcoin’s bullish momentum. This increase in RSI indicates that the price of TIA, the altcoin, could continue rising if the current factors persist.

The inverse correlation of -0.69 between TIA and Bitcoin signifies that the altcoin’s price is less influenced by BTC’s movements. This observation further supports the outlook that TIA could break higher and see further gains, especially if investor sentiment remains positive.

However, despite the positive momentum, the broader market cues continue to present challenges that could limit the potential breakout of TIA above $4. Notably, the Ichimoku Cloud is suggesting bearish trends in the broader market. At present, TIA remains above the candlesticks, indicating that the altcoin is somewhat shielded from these market pressures.

But if the investors begin taking profit on TIA, the altcoin’s price may become more dependent on the broader market trends, which could pose challenges to its stability.

The Ichimoku Cloud is typically used to assess market momentum and trend shifts. It suggests that while TIA is not directly impacted by the bearish market sentiment at this moment, a change in investor behavior could alter its trajectory.

If the price of Celestia manages to break above the key resistance level of $4, it could surge to reach the Fibonacci level at $5. At this point, the altcoin’s momentum is likely to slow down, leading to a period of consolidation.

Currently, TIA is trading at $4.09, up by 12% from the previous day and holding above the support level of $3.88. Moving within an ascending channel, the altcoin appears poised for a breakout from this pattern. A successful breakout could propel the altcoin by 21.8%, pushing its price above the $5.00 mark, setting a new high for TIA in six weeks.

The next significant resistance for TIA lies at $4.50. If the altcoin can breach this resistance, it will likely continue its upward trajectory, setting the stage for a continuation of the rally towards the Fibonacci level at $5.00. This price target would be reached if the bullish momentum continues, and the breakout attempt is successful.

However, should the breakout attempt fail, TIA could see a pullback. A failure to maintain the support at $3.88 would likely result in a drop. This scenario would see TIA test the lower trend line of the ascending pattern. If the price falls out of this pattern, the altcoin may decline further to $3.23, ultimately invalidating the bullish outlook.