Celestia (TIA) suffered one of the worst price crashes since the Bitcoin crash, falling from a high of $20 to a low of $5 before briefly recovering. However, the crash has not deterred optimists, who believe that this altcoin is on the verge of great things in the market.
Celestia shares could surge 2,750% to $188
A recent analysis published by cryptocurrency analyst House Of Crypto Kings has caught the attention of the Celestia community. In the post, the cryptocurrency analyst said, Out maps Quite an impressive trajectory for the coin to rise by over 2,700% and reach brand new record highs.
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Initially, the crypto analyst praised the Celestia token for its utility that spans across various use cases across the ecosystem. Some of these uses include paying fees, staking for rewards, as well as enhancing data availability and validation.
However, moving to the heart of the analysis, the crypto analyst notes that the altcoin still has strong support at the $4.9 level. This was evident in the recent crash this week, where TIA held strong at $4.9 and then bounced back above that level. This means that the $4.9 level is the level to hold if the rally is to continue.
Furthermore, the crypto analyst points to the ETFs’ approval of the altcoin rally, which could extend to prominent players like Celestia. “Historically, new projects that launch shortly before a bull market often see significant rallies,” the analyst said. “We expect significant volatility in Q4 2024 and Q1 2025, which presents an excellent opportunity for TIAUSD to rally.”
In case of a rally, the analyst has identified two prominent price targets, namely $80.2 and $188. At the lower end of this, the price would need to rise 1,100% from its current level of $6.6. As for the latter end, the price would need to rise 2,750% to achieve it.
Get out of TIA on time
If the crypto analyst’s predictions come true, it means that Celestia investors will make significant gains in the bull market. However, knowing when to exit the coin is just as important as knowing when to enter in order to lock in profits.
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Accordingly, the analyst tells Celestia investors that they should look to exit their positions sometime between March and August 11, 2025. This is because this is when they expect the top of the bull market cycle and the end of the altcoin season to occur.
On the downside, however, the analyst explains that if TIA fails to hold the aforementioned $4.9 support level, the price could collapse to the next critical support level at around $3.6. However, the analyst expects this to be “a key level from which the price is very likely to rally, given the upcoming important events and the expected approval of Ethereum ETFs.”
Featured image created using Dall.E, chart from Tradingview.com