It hasn’t been long since TIA Coin was listed on the Binance exchange, and we’ve frequently discussed the possibility of it reaching new all-time high (ATH) levels. In the last quarter of 2023, TIA Coin, listed on the Binance exchange, achieved an all-time high of $20.6 today. Even those who purchased from the exchange without the benefit of an airdrop during the listing period realized gains of more than ten times their investment.
TIA Coin on the Rise
Continuing the day with a 10% increase, TIA Coin reached a volume of $104.6 million exclusively on the Binance exchange and surged over 10.5%. At the time of writing, it is finding buyers at $20.3 and has temporarily set its ATH at $20.6.
This exciting surge began with the breakout of an ascending triangle formation on the four-hour chart on February 7th. Since then, the value of TIA Coin has experienced double-digit growth. The general market sentiment’s optimism and the belief in Celestia’s long-term growth potential are greatly supporting the bulls.
TIA Coin Price Prediction
Current technical readings suggest that if the price continues to stay strong and is not shaken by excessive profit-taking, there could be an additional increase of 12.4%. The target of the ascending triangle formation points to $23, as we have previously highlighted. However, market speculation suggests that the main expectation is that the $30 psychological barrier could be tested with the current momentum or a new attempt in the near future.
Of course, it is not possible to see the future, but the current momentum and past experiences help us understand that similar movements are normal for altcoins that have caught such hype.
On the other hand, the BTC price performance is crucial for the rise of TIA Coin. There should be no major developments on the macro front tomorrow and over the weekend, and BTC must close above $45,000. A quick recovery in altcoins could begin with BTC legitimizing its recent upward breakout.
However, if the BTC rally stops and the $44,800 region is lost, we could witness investors (as we have seen many times before) queuing up to convert their profits into cash due to concerns of further losses in altcoins. This could also cut the momentum of TIA Coin.
