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- The TIA token shows strong utility in network security, governance, and data validation.
- The anticipated altcoin rally driven by Ethereum ETF approval could significantly boost TIAUSD.
Houseofcryptokings, a renowned crypto analyst on TradingView, has hinted at a probable surge for the Celestia token (TIA).
TIAUSD has shown promising utility within its ecosystem, notably servicing network security through staking, engaging in governance choices, and rewarding data availability and validation. Furthermore, TIA manages transaction fees and awards, ensuring that participants are rewarded for their contributions.
Potential Rally for TIA Amid Strong Support Levels
TIAUSD currently has strong support at $4.9. If this level is maintained, significant gains might be realized. If this support collapses, the next significant support is near $3.6, a major level from which the analyst believes a bounce is quite possible.
According to the analysis, the adoption of Ethereum ETFs is anticipated to spark an altcoin rise, including TIA, a relatively new project listed at the end of 2023.
Historically, new ventures launched immediately before a bull market have seen strong rises. The analyst added:
“We anticipate significant volatility in Q4 2024 and Q1 2025, presenting excellent opportunities for TIAUSD to soar.”
According to the calculations, the minimum price goal for TIA during the bull run is $146. If this barrier is broken in January 2025, the maximum goal of $186 could be reached. Bull markets are characterized by surprise price increases, and the token is predicted to exhibit the same volatility.
However, monitoring support and resistance zones is critical for maintaining an active trading approach. Traders should attempt to exit long positions between March and August 11, 2025, as the bull run and altcoin season are projected to expire around this time.
At the time of writing, TIA was trading around $6.44, a slight 2.53% correction after a more than 25% increase the previous week.
Previously, we noted that TIA has increased its social dominance, accounting for 1.45% of all cryptocurrency-related social media posts at the time. Furthermore, the total number of TIA delegators is approaching 500,000 unique users. This impressive increase demonstrates the project’s potential and the community’s belief in it.
We have also highlighted Celestia’s novel blockchain features, which allow it to overcome scaling issues while maintaining decentralization and security.
