Altcoins News
By Evie Vavasseur
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Celestia, the modular blockchain platform known for its data availability and consensus separation, has staged a powerful comeback after an extended bearish trend.
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Over the last seven days, Celestia’s price has risen steadily, and on the 7th of July, the token surged another 12 percent. By that time, it was trading close to 1.
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Adding to the bullish sentiment is the rising Open Interest in TIA's futures contracts. According to data from leading analytics platform CoinGlass, Open Interest grew from 138…
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Another important factor supporting TIA's bullish momentum is the dominance of long positions in the derivatives market.
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In terms of sentiment, the long-to-short ratio on Binance’s TIA trading pair currently stands at over 2 to 1.
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From a technical perspective, Celestia has achieved a key breakout. For the past two months, the token was stuck beneath a descending trendline that acted as resistance.
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In the broader crypto market, major assets such as Bitcoin, Ethereum, and Solana have all posted strong performances in recent weeks.
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However, one key obstacle remains. TIA is currently testing the horizontal resistance zone around 1.70. This level is acting as a psychological and technical barrier.
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If TIA manages to hold above 1.70 and continues building momentum, the next logical target is 2.26.
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In conclusion, Celestia’s recent performance shows encouraging signs of a sustained recovery.
The Currency Analytics
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