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- Celestia (TIA) rose above $0.4400 on Friday, posting its third winning day this week.
- This coin can extend its rally to $0.50 emotional level.
Celestia (TIA) rose above $0.4400 on Friday, posting its third winning day this week. The conference seems to be driven mainly by the growth of commercial interest and the rise of interest in social media rather than in general support.
With signs of strengthening and the price approaching the resistance area, traders are now looking to see if TIA can continue its recovery and push to the level of $ 0.50.
Commercial demand and public awareness expand TIA
TIA is up 10% in the last 24 hours and is trading above $0.4400 per coin. Participation in Celestia has increased as the token is seen as one of the best performers in the crypto market.
According to CoinGlass data, TIA’s Open Interest (OI) rose to $68.17 million, rising more than 10% in the last 24 hours. This increase reflects the growth of business activity and increasing public interest.
At the same time, TIA costs stand at 0.0042%, which shows that traders are paying more money to hold long positions – an indicator of market sentiment.
Santiment data also shows a significant increase in activity around Celestia.
The social token rose to 0.024% of all crypto-related discussions, showing increased interest from retailers and online communities.
The combination of a rise in Open Interest and an increase in the number of people shows that a large increase is driving the conference.
Celestia’s art form: Cows reboot
The TIA/USD 4-hour chart has turned upside down with Celestia up 15% over the past seven days.
The rally started with a strong 6% retracement on Wednesday and has since pushed TIA above several technical levels, including the 100-day EMA at $0.4015 and the 50% Fibonacci retracement level at $0.4104
These rates are measured from the January 13 high of $0.6257 to the February 6 low of $0.2693.
If the rally continues, the next major resistance is between $0.4596 and $0.4722, the selling point that previously rejected a strong test earlier this month.
A daily candle break above these levels could pave the way for TIA to extend its rally to the $0.5224 resistance area.
Technical indicators continue to favor the bullish trend. The Relative Strength Index (RSI) sits at 67, indicating that buying pressure remains healthy without entering overbought territory.
The MACD indicator is moving towards bullish territory while the negative histogram bars continue to decline, indicating a weakening of the bearish trend.
Together, these indicators suggest that the current recovery has the potential to expand if consumers continue to moderate.
However, if the TIA loses strength near resistance, traders will focus on several areas of support. The first support area is the $0.4104 level, which served as the previous key area.
Failure to defend against this support could reveal bearish areas such as the 100-day EMA at $0.4015 and the 50-day EMA at $0.3844. Holding above these levels can help keep the signal strong for a short period of time.
