TIA (Celestia) rose 16.48% in the last 24 hours

Gate News Bot news, on July 3, according to CoinMarketCap data, as of the time of writing, TIA (Celestia) is currently priced at $1.65, with a rise of 16.48% in the past 24 hours, reaching a high of $1.66 and a low of $1.35, with a 24-hour volume of $172 million. The current market capitalization is approximately $1.147 billion, an increase of $162 million compared to yesterday.

Celestia is a modular blockchain network that provides full-stack control capabilities for unstoppable applications. It aims to create applications that can run globally, are free from intermediaries, and can be verified from any device. The core goal of Celestia is to scale data throughput to over 1GB per second to address the ultimate scalability bottleneck in cryptocurrency.

Important news about TIA recently:

1️⃣ TIA price breaks through the descending channel, continuing the rise momentum The price of TIA has risen over 16% in the past 24 hours, successfully breaking through the descending channel. This breakthrough is supported by the Relative Strength Index (RSI) indicator, which has rebounded from the oversold area close to the midline. If TIA can break through the key resistance level of $1.68, it may extend further to the 50% Fibonacci retracement level of $2.35.

2️⃣ The cryptocurrency market as a whole is recovering, and TIA is performing well Bitcoin price broke through $109,000, driving a strong recovery in the entire cryptocurrency market. Against this backdrop, TIA, as one of the well-performing altcoins, recorded a double-digit rise, demonstrating strong pump momentum and market recognition.

3️⃣ Investment firm Polychain earns substantial returns through staking rewards Polychain invested about $20 million in the Celestia project and sold tokens worth over $80 million just through staking rewards, achieving more than 4 times the return. This news reflects the high staking yield of the Celestia project, which may attract more investors to participate, thereby driving the TIA price rise.

From a technical perspective, TIA currently faces a key resistance level at $1.68. If it can break through this level, it may further rise to $2.35. However, if it fails to break through, it may retrace to test the support level at $1.31. Although the MACD indicator is still in the negative territory, the green histogram has shown some rise, indicating that bullish momentum is building.

This message does not constitute investment advice, and investors should be aware of market volatility risks.