- TIA surged confirming a bullish wedge breakout, and a trend reversal.
- Futures trading volume is high, showing strong interest from leveraged traders.
- A retest of $1.70 is likely before any move toward the $2.50 resistance zone.
Celestia (TIA) is making waves after breaking out of a falling wedge, flipping the charts bullish. Trading at $1.79 as of writing time, the token is showing steady gains and setting sights on $2.50.
TIA Shows Strength After Breakout
Celestia has started to show signs of recovery after breaking out of a falling wedge pattern. This pattern is known in trading as a bullish signal, especially after a long downtrend. It happens when the price keeps making lower highs and lower lows, but within a narrowing range.
As shared by WorldOfCharts1 on X, if TIA breaks above the wedge’s upper line it could move up by about 35.06%, jumping from around $1.69 close to the target price estimated to be around $2.30 to $2.50.
Price pattern has been in a sideways movement, hinting that buyers had been slowly building positions.This kind of setup usually attracts both technical traders and short-term investors looking to catch a trend reversal.
Support Level to Watch
On shorter timeframes, TIA is holding steady around $1.79. It’s making slightly higher lows, which is a good early sign. Some volume spikes during dips show buyers are stepping in.
The MACD and RSI indicators are also turning more positive,hinting at building momentum.
Things look positive, but a retest of the $1.70 support level is still possible. This is common after such moves, and holding above that level would confirm strength to push toward $2.30–$2.50.
Futures Traders Take the Lead
Futures volume picked up sharply and reached $323.01 million, while spot volume stayed lower at $29.55 million. This shows that most traders are using leverage, betting on short-term moves.The total number of active futures interest is now at $223.21 million, showing that more traders are jumping in.
Data from Coinglass also shows that traders are mostly betting on higher prices with Binance accounts on a 3.59 long/short ratio and OKX accounts at 2.41.These numbers show a strong bullish bias.
However this can be risky when many traders go long, any sudden price drop can cause liquidations, forcing traders to close their positions at a loss.In the past 24 hours alone ,about $338.67K was liquidated,mostly from long positions.
