- Bullish Falling Wedge Forming: Celestia (TIA) is forming a classic bullish falling wedge pattern, often signaling a potential breakout if confirmed by volume and momentum.
- Strong Support at $2.46: The current support near $2.46 is strengthening, backed by a growing buying wall—indicating strong investor interest at this level.
- $4.85 Target on Breakout: If the bullish pattern holds, analysts forecast a potential price surge toward the $4.85 resistance level; failure to hold support may lead to deeper retracements.
Celestia (TIA) is flashing bullish signals as it trades within a classic falling wedge pattern — a formation that often precedes a breakout. With strong buying support near $2.46 and a key resistance level looming at $4.85, TIA is at a crucial technical crossroad that could define its next major move.
At the time of writing, TIA trades at $2.46 with a market cap of $1.59 billion and 24-hour volume of $82.16 million. Although it has experienced short-term declines amid broader market volatility, analysts believe the coin’s structure suggests a possible reversal is on the horizon.
Falling Wedge Pattern Signals Potential Reversal
According to crypto analyst CW, TIA has broken above the upper trendline of its falling wedge — a resistance level that is now acting as support. This development is often viewed as a bullish confirmation, especially when combined with increased buying activity.
A growing buying wall at the $2.46 level further reinforces this sentiment. Large clusters of buy orders at this price indicate that investors are positioning for a breakout. If this buying pressure sustains and the current support level holds, analysts believe TIA could rally toward $4.85 — a critical resistance area lined with heavy sell orders.
Support Must Hold to Sustain Momentum
While the bullish setup looks promising, failure to maintain support at $2.46 could trigger a shift in momentum. A breakdown below this level would open the door to deeper retracements and challenge the integrity of the bullish pattern.
The current zone marks a key decision point for Celestia. A successful bounce could validate the falling wedge breakout and ignite a renewed uptrend. On the other hand, any weakness here could signal a prolonged bearish phase.
Also Read: Tether Mints $1 Billion USDT on Tron: Is Ethereum’s Stablecoin Dominance Under Threat?
Outlook
For now, traders are watching closely to see whether bullish momentum can lift TIA past the $4.85 resistance. If it succeeds, the move could confirm the start of a stronger upside phase — positioning Celestia as a standout in the altcoin market.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m the cryptocurrency guy who loves breaking down blockchain complexity into bite-sized nuggets anyone can digest. After spending 5+ years analyzing this space, I’ve got a knack for disentangling crypto conundrums and financial markets.
