Celestia, a modular data availability network, has been garnering attention due to the recent price movements of its native token, TIA. Over the past week, TIA has shown a notable increase in price, rising by 7.6%, with the bullish trend continuing into the past 24 hours with a 7.4% climb to a current price of $4.32.

However, prominent crypto analyst Micheal Van De Poppe has offered a cautious perspective on TIA's price action. He believes that TIA may still experience a decline before making a meaningful recovery, noting that "TIA is going to make new lows before we can reverse. The trend remains to be downwards."

Nevertheless, Van De Poppe highlighted that a breakout above the $4.60 level could signal a potential trend reversal for TIA. This outlook suggests that while TIA may face short-term challenges, a key resistance level could serve as a turning point for the token.

Celestia aims to simplify the process of launching blockchains, making the technology more accessible and user-friendly for developers. The recent price movements and the analyst's perspective on TIA's potential rebound have generated interest and attention within the crypto community.

As the market continues to evolve, investors and traders will be closely monitoring the performance of TIA and the overall progress of the Celestia network, which could have implications for the broader cryptocurrency ecosystem.

Source: https://ambcrypto.com/celestia-analyst-predicts-major-rebound-for-tia-if-this-level-is/

The information provided in this article is for informational and educational purposes only, based on news and sources gathered from the internet. This content should not be considered as investment advice, financial guidance, or a suggestion to buy or sell any digital assets. Before making any financial decisions, we recommend consulting with a professional financial advisor and conducting your own research. The author and the blog are not responsible for any losses or damages that may arise from using this content.