Celestia (TIA) has exploded to an unprecedented peak above $20, highlighting spectacular momentum by bulls this week. The digital asset gained nearly 12% in a single day, propelling its price to record heights.
The powerful surge emerged as TIA staged a textbook breakout from an ascending triangle pattern that developed on 4-hour timeframes starting February 7. Since confirming the reputable bullish formation with a decisive upside resolution, Celestia has continued rocketing to new all-time highs around $20.60 and counting.
Analysts have their sights set firmly on $23 as the next target now that TIA has shattered its former ceiling with ease. Furthermore, an ascending triangle typically carries a minimum measured move worth the same height as the widest part of the triangle itself. This points to another 12.46% upside from current levels.
Analyst predict Celestia to breach $30
Investors are even speculating on Celestia breaching the $30 mark in the coming weeks amid a parabolic rally fueled by positive technicals and sentiment. TIA has already gained over 500% in 2023, minting tremendous profit for early adopters.
Celestia aims to deliver scalable blockchain data availability through a uniquely open and modular architecture. By incentivizing participants to run full nodes via TIA token rewards, the network facilitates seamless interfacing between multiple chains.
The project clearly commands tremendous investor attention that expands with each bout of price discovery. By conquering new all-time highs, Celestia’s bullish impulse appears to be just getting started. And TIA holders seem poised to reap additional rich rewards should present momentum endure.