Celestia (TIA), a modular blockchain project, has recently caught the attention of seasoned crypto trader, The Flow Horse, who believes the asset might be poised for a significant breakout. Known for making accurate market calls, The Flow Horse shared his thoughts in a recent Telegram channel update, indicating that TIA could be gearing up for an upward trend after forming a bottom structure over the past six months.

According to The Flow Horse, the recent price action of TIA has caught his eye for a few compelling reasons. “I find TIA very interesting right now. For a few reasons,” the trader shared, elaborating on the factors that led him to this conclusion.

Key Factors Behind the Bullish Sentiment

One of the first reasons The Flow Horse is eyeing TIA is the psychological aspect surrounding the token’s price. He noted that there appeared to be a major “capitulation of emotions” surrounding the asset, especially following criticism of venture capitalist Chris Burniske’s bullish stance on TIA. This emotional sell-off on crypto Twitter (CT) resulted in a massive decline, leading some traders to dismiss the token despite its innovative approach and potential.

Additionally, The Flow Horse pointed out that Celestia has been “bouncing along the same low” for the last six months, which is often seen as a classic bottoming structure in technical analysis. This prolonged period of low price action could signal that the asset is stabilizing, making it an attractive point for investors who are looking for entry opportunities.

“Contextually, not a bad area to build a position if you expect this market to continue to work the way it does,” he added, implying that the current price levels could be an ideal spot for those looking to accumulate the token before a potential breakout.

A Cautionary Note: Possible Dip to $4

While The Flow Horse is optimistic about TIA’s long-term prospects, he also cautioned that the token could experience one more dip before entering a clear uptrend. Based on the current price action and the market structure, he believes that TIA might fall to the $4 level before it begins to surge higher.

“I think this structure begs for the spill below all those lows that gets bought back up, which actually lines up with a large bid placed around $4,” he said. In other words, the trader anticipates that the price could drop further before bouncing back. If this happens, it could present a buying opportunity for those watching the asset closely.

However, The Flow Horse also acknowledged that if the price were to drop to $4, it would represent a significant decline—roughly 20% from the current levels. Despite the potential short-term dip, he remains confident in the asset’s long-term potential.

“Something to keep track of nevertheless,” The Flow Horse concluded, suggesting that although a dip might occur, he believes that TIA is an asset to keep an eye on for the future.

The Bigger Picture: Celestia’s Long-Term Potential

Celestia’s modular approach to blockchain technology sets it apart from other projects. By decoupling consensus and data availability layers, the blockchain aims to provide greater scalability and flexibility, making it an appealing option for developers. Its unique architecture has garnered significant interest in the space, especially as blockchain technology continues to evolve and demands for scalability increase.

Celestia’s market performance has been under the radar for some time, but with influential voices like Chris Burniske doubling down on the project, the altcoin could be poised for a resurgence. Burniske, who is a prominent venture capitalist and crypto advocate, has previously stated his belief in Celestia’s long-term success. He even revealed in September that he was continuing to add more TIA to his portfolio, anticipating a significant recovery and growth for the asset.

His confidence in Celestia as a top performer this cycle aligns with The Flow Horse’s analysis, giving more weight to the growing interest in the project.

Conclusion: TIA’s Potential on the Horizon

As Celestia continues to show signs of stabilization and potential for growth, veteran traders are starting to take notice. While the token might experience a temporary dip to around $4, the bottoming structure it has formed over the last six months presents a compelling case for long-term investors. With its innovative blockchain design and growing backing from influential investors, Celestia could be a sleeper altcoin that may see significant gains in the coming months.

For those watching the crypto market closely, it might be time to add Celestia (TIA) to your radar as a project with substantial upside potential, particularly if it confirms a breakout from its current consolidation.