- Upbit’s listing of TIA could spark fresh buying interest, especially in Asian markets.
- TIA must break past the $3.00–$3.10 resistance zone to unlock its next rally phase.
- Holding above $2.50 support is crucial to avoid a potential slide back toward $2.00.
The cryptocurrency market is buzzing with anticipation as South Korean exchange Upbit prepares to list Celestia (TIA) and io.net (IO). This move could significantly reshape price dynamics, particularly for TIA. Traders and investors are now eyeing the next potential rally for TIA, especially given its recent price behavior and the heightened exposure a major exchange listing typically brings.
Celestia (TIA) is trading at $2.62 as of press time, having climbed 8.60% in the past 24 hours. However, it still lags slightly over the weekly frame, showing a 5.04% dip.
The asset holds a market capitalization of over $1.64 billion, with a circulating supply of 630 million tokens. With Upbit enabling KRW, BTC, and USDT markets for TIA, trading accessibility is about to broaden. This could drive volume and investor interest, especially in the Asian markets.
Key Support and Resistance Levels
Despite the recent uptick, TIA faces significant resistance. The first key resistance zone is between $3.00 and $3.10, a level where previous rallies have struggled. A further barrier is at $4.00, which served as support before turning into resistance.
On the downside, the nearest support lies between $2.40 and $2.50. This zone has previously acted as both support and resistance. If the price fails to hold here, it may revisit $2.00, a historically strong support level.
Technical Indicators and Market Outlook
Technical indicators hint at potential upside. The MACD has shown a positive crossover, signaling building bullish momentum. Additionally, the RSI is approaching the neutral 50 mark. If it crosses above this level, further gains could follow.
Looking ahead, if TIA breaks the $3.00 resistance, it may aim for $4.00 next. However, failure to maintain support above $2.50 could lead to a retest of $2.00. Traders should remain cautious, keeping an eye on these critical levels as market conditions evolve.
