Celestia (TIA) has recently become a standout performer in the altcoin market, experiencing a significant price surge that has pushed it past key resistance levels. This impressive rebound is not solely due to broader market sentiment but is deeply rooted in a dramatic increase in its fundamental on-chain activity and trading volume, indicating strong underlying growth and renewed investor confidence.
Behind Celestia's Meteoric Rise
The substantial 19% surge in TIA's value was primarily fueled by an extraordinary boost in both overall trading and on-chain activity. Celestia witnessed its total traded volume skyrocket from approximately $67.94 million to an impressive $301.7 million within a 24-hour period, marking a 4.4-fold increase and significantly surpassing previous monthly highs. Concurrently, trading volume on decentralized exchanges (DEXs) for TIA surged to nearly a quarter billion dollars. This heightened engagement was further evidenced by a dramatic increase in daily transaction counts, reaching 48,424—the highest since early August. A significant portion of these were bundled "blob" transactions, highlighting a robust uptick in network utilization and demand.
Navigating the Path Ahead for TIA
From a technical standpoint, Celestia's price has successfully broken above a descending trend channel on the 4-hour chart, signaling a potential shift towards a more bullish market structure. Positive technical indicators, including supportive volatility and strong MACD bars, suggest sustained buyer strength. Should TIA maintain its position above the crucial $1 level, it is poised to target the next significant resistance zone of $1.50 to $1.60. A definitive breach of this area could clear the path for TIA to climb towards the $2 mark and potentially higher, solidifying a sustained bullish outlook for the cryptocurrency.
