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Celestia (TIA) Eyes $10 Target After Breaking 6-Month Trendline

Author: Content Editor
The cryptocurrency Celestia's TIA has experienced a strong breakout, reclaiming the $5 mark and potentially setting its sights on the $10 psychological target. The price trend has shown a lower high formation due to a resistance trendline and the 50-day EMA acting as a dynamic resistance. However, a recent breakout of the trendline indicates a trend reversal and bullish targets are now possible. The TIA price has seen an 82% decline from its 52-week high but has recently shown a notable shift in momentum with a rounding bottom reversal. This breakout has resulted in a 30% increase over the past ten days and the price has reclaimed the $5 level. Despite facing resistance from the 50-day EMA, the bullish trend appears to be gaining momentum and may surpass the $5 mark. Fibonacci levels suggest potential resistance at $7.74 and $10.11, while the RSI is approaching the overbought boundary, supporting further upward movement. The $4 psychological support level is expected to stabilize the price and mitigate downside risks.

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