Bitcoin is currently stable, trading at $70,700, as the cryptocurrency community braces for the halving event slated for April 20th. This pivotal moment in Bitcoin’s timeline will slash the supply of new coins entering the market by half. In light of this, speculations are rife about the potential price surge of Celestia (TIA) Coin, a newcomer boasting high prospects within the bull market context.
Celestia’s Market Dynamics
Despite historical trends suggesting market peaks post-halving, there is no guarantee of a repeat performance. As the market often defies expectations, Celestia’s trajectory remains uncertain. Currently, TIA Coin is valued at $14.4, with futures funding indicating a bullish stance among traders. Technical indicators such as the Moving Average Convergence Divergence (MACD) also point towards potential price inclines.
Amidst these positive signs, Bitcoin itself is anticipated to test the $73,777 mark shortly, a movement that could bolster TIA Coin’s climb to new heights in the month of April.
Predicting TIA Coin’s Value Shift
Celestia’s price has bounced back from a mid-March slump of 28%, igniting hopes for an ascent to $18, which would mark a $4 increase from its current standing. However, the overall sentiment for TIA Coin, as per Santiment data, has turned sour, potentially dampening the rally.
Should negative sentiment persist, the altcoin might slide to $11.5, compromising the crucial $13.08 support level. Conversely, if a rally gains momentum and TIA Coin breaks past the $18.6 resistance, where profit-taking is rife, its sights could set on the all-time high of $21.12 listed on Binance, with the potential to rally further to the $28-$30 range.