Is It Too Late to Buy Celestia? TIA Price Pumps 14% While a New Solana Project Raises Over $3 Million
Celestia’s $TIA token has fallen is up 14% in the last 24 hours to trade at $11.63 as of this writing.
Today’s price also represents a 17% advance from this time last week.
By contrast, the two market leaders, Bitcoin ($BTC) and Ethereum ($ETH) actually posted slight intraday losses of 1% and 2.1% respectively.
Celestia’s standalone pump today appears to be driven largely by influencers on X, who yesterday highlighted the token’s underlying protocol as a major innovation due for some bullish price action.
I'm expecting a big wave of $TIA shillers on TL. Stars are aligned:
– Vitalik going to speak at Modular Summit in July
– Parallel / Modular will revive again
– Celestia is one of the most bought asset OTC alongside Monad / Hyperliquid / Solana
– Chart: a lot of similarities… pic.twitter.com/3XwUEgxxOT
— Zoomer Oracle (@ZoomerOracle) May 28, 2024
Starting to believe the modular thesis is primed for a massive comeback.
Despite sentiment being at all-time lows, the Celestia ecosystem is finally hitting its stride, with activity already accelerating ahead of:
1) it’s first wave of high profile project launches in the… pic.twitter.com/Un5OVTR4fE
— Ryan Watkins (@RyanWatkins_) May 28, 2024
Over on Celestia’s price chart we can see the token is approaching a key resistance level at $12.50 with some potential for further breakout. This is indicated by a falling relative strength index, which is within the healthy 30-to-70 range, although further buying activity could artificially inflate the price, potentially prompting an overnight dip.
Should the price decline, however, $TIA has strong support at $10 and a recent bedrock of around $8, making a significant crash unlikely.
TIA is the native token powering Celestia’s modular data availability
