Celestia Price Surges 10% Following Major $100 Million Funding: Is $10 Next For TIA?

Celestia (TIA) price has recently seen a significant uptick. The TIA is currently performing well, showing a bullish trend. As it secures more gains, the future looks promising.

The stable price level of this altcoin remains well above its key support levels. This upswing in the market for alternative cryptocurrencies follows the announcement of a substantial $100 million in funding. 

Celestia Price Soars After Major Funding

Celestia price recently announced a remarkable financial milestone. The Celestia Foundation has raised an impressive $100 million. This significant influx of funds is a strong testament to the ecosystem’s growth and investor confidence. Following the announcement, TIA Coin’s market value surged. 

Over the last week, the TIA price has increased by more than 32%. This rise came just minutes after the funding news broke. Analysts had been optimistic about TIA Coin’s potential, predicting higher targets. Today’s financial achievement has boosted the token’s performance in the market.

Over the past 24 hours, the Celestia price has witnessed a significant upward trend, suggesting a bullish sentiment among investors. This aligns with other crypto markets, indicating a bullish trend.  At the time of reporting, the TIA price has surged by 10.27% to a high of $5.98. This recent spike in price marks the highest value reached in the day, following a low of $5.21

Celestia Price Prediction: Is $10 Next?

The Moving Average Convergence Divergence (MACD) indicator exhibits a bullish crossover, with the signal line moving above the MACD line. This typically suggests potential buying opportunities for traders.

Celestia Price Chart| Source: TradingView

Over the observed period, as the percentage of stablecoin held by whales increases, there is a corresponding bullish trend in TIA’s price.  This trend is especially notable from late August to late September, where both metrics show a sharp rise, suggesting that significant whale activity in stablecoins may fuel an upward price movement in TIA.

Source- Santiment

Celestia price has encountered notable resistance at the $7 mark. Breaking past this level could indicate a shift towards a more bullish cryptocurrency market climate. Once it overcomes this hurdle, the altcoin next target may be the $8 resistance point. 

Continued momentum could push its value to $10. This follows a recent funding announcement that has invigorated investor interest.

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