Celestia (TIA) pauses upside after stellar week, what next?

8:02 pm
November 16, 2023

## Celestia (TIA) Price Update: What’s Next After a Stellar Week?

Celestia (TIA) has experienced a price decline of 10% over the past 24 hours on Thursday afternoon. Despite this, the decline from its all-time high of $6.40 reached on November 15 threatens a dip to $5.00 or lower as it currently trades near $5.68. However, the cryptocurrency is still showing a significant weekly increase of more than 130%.

After its impressive performance that was fueled by its listing on the global crypto exchange Binance, the question arises – is Celestia due for a breather or are bulls not done yet?

### What is Celestia?
Celestia is a modular blockchain network that has generated optimism for its native token due to its technology. The network separates the consensus and application execution layers, modularizing the blockchain technology stack and expanding the possibilities available to decentralized application builders.

Though Celestia recently launched its mainnet, it is not as established in terms of users and other network metrics as industry heavyweights such as Arbitrum or potential competitor NEAR. According to [Mintscan](https://www.mintscan.io/celestia), Celestia has processed just under 520,000 transactions and has 166 validators, with 100 being active.

### Celestia Price Outlook – What’s Next for $TIA?
Speculation drove the price of $TIA higher post the Binance listing, with TIA also being available on OKX while Bitget was among the first to list this token. However, with the buzz around the token seeing a significant dip, it is likely that bulls might rely on psychological support to $5.50 and $5.00 before attempting to reestablish control.

If this occurs amid a broader market upside, there is a possibility that the $TIA price could target the $10 level by the end of the year. Alternatively, a bull market scenario and greater network growth for the cryptocurrency could lead to price discovery catapulting the token’s price higher. Conversely, a breakdown below $5.00 could welcome a bearish retest of the area around $4.00 and likely $3.25.

### FAQ

#### What is Celestia (TIA)?
Celestia is a modular blockchain network that has recently launched its mainnet. It separates the consensus and application execution layers, which offers more possibilities for decentralized application builders.

#### Where can I trade Celestia (TIA)?
Celestia (TIA) is available for trading on major crypto exchanges such as Binance, OKX, and Bitget.

#### What factors have contributed to the recent price movement of Celestia (TIA)?
The price of Celestia (TIA) saw a significant increase after its listing on Binance. Additionally, speculation has been a driving force behind its price surge.

#### What is the potential price outlook for Celestia (TIA)?
The future price movement of Celestia (TIA) will likely depend on whether bulls can reestablish control following the recent decline. There is a possibility of the price targeting the $10 level by the end of the year if certain conditions are met, while a breakdown could lead to a bearish retest.


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