As an experienced analyst, I’ve seen my fair share of market crashes and rallies. The Celestia (TIA) token’s recent price crash following Bitcoin’s decline was a harsh reminder of the volatility in the crypto market. However, I believe that this altcoin is not to be underestimated.
The price of Celestia’s (TIA) token plummeted dramatically after Bitcoin‘s dip, dropping from a peak of $20 to a low of $5. Despite this significant decline, optimistic investors, also known as bulls, remain confident that this cryptocurrency will make notable strides in the marketplace.
Celestia Could Explode 2,750% To $188
A cryptocurrency expert named “House Of Crypto Kings” has shared an intriguing analysis that has sparked interest within the Celestia community. In this post, the analyst lays out a potential route for the coin to surge over 2,700% and set new record-breaking price peaks.
At the outset, the crypto expert praises the Celestia token for its versatile functionality, encompassing multiple applications within the ecosystem. Among these uses are processing transaction fees, earning incentives through staking, and bolstering data accessibility and verification.
Moving on to the core of the examination, the cryptocurrency analyst notes that the altcoin maintains robust support at the $4.9 mark. This was evident during this week’s market downturn when TIA managed to keep above the $4.9 line and eventually rebounded. As such, $4.9 represents a crucial benchmark for the rally to persist.
The crypto expert predicts that the approval of Spot Ethereum ETFs could trigger a rally among altcoins, including Celestia. As history shows, new projects launched just before a bull market have experienced substantial growth. Our forecast indicates considerable price fluctuations in Q4 2024 and Q1 2025, creating a favorable environment for TIAUSD to experience a significant upward trend.
If a surge were to occur, the analyst identifies two significant price milestones: one at $80.2 and another at $188. To reach the former, the price would need to increase by a factor of 11, or approximately 1,000% from its current value of $6.6. In contrast, to hit the latter target, the price would require an even more substantial rise, up by a factor of 27.5 or around 2,750%.
Exiting TIA At The Right Time
If the cryptocurrency forecaster’s forecast proves correct, Celestia investors could experience significant profits during the bull market. Yet, it’s equally crucial to determine the optimal time for selling a coin as it is for buying one, in order to maximize returns.
Based on current expectations, the analyst advises Celestia investors to consider selling their positions some time between March and August 11, 2025. This recommendation is based on the anticipated peak of the bull market cycle and the potential conclusion of the altcoin season during that period.
Pessimistically speaking, if TIA cannot hold its ground above the $4.9 mark mentioned earlier, then there’s a possibility that the price may plummet to the next crucial support at approximately $3.6. However, it is believed that this level will serve as a strong rebound point, considering the upcoming major developments and the anticipated Ethereum ETF approvals.
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2024-07-13 08:46