**Key Takeaways**
– Celestia (TIA) surged over 19% in the past 24 hours, driven by a notable increase in transactions, decentralized exchange (DEX) activity, and overall trading volume.
– If TIA manages to break through the $1.50 to $1.60 resistance zone, it could potentially rise to $2 or higher.
– The altcoin’s recent price action aligns with the broader altcoin market rebound, but the sustainability of this upward momentum remains uncertain.
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**What Drove Celestia’s 19% Surge?**
Celestia (TIA) capitalized on the recent altcoin market recovery, experiencing a significant 19% price increase within a single day. The altcoin reclaimed the $1 mark and appeared poised to push toward the $2 level. This surge was primarily fueled by increased on-chain activity, trading volume, and a short-term shift in market structure.
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**Why Is TIA Up 19% in a Day?**
A dramatic rise in total traded volume was a key driver behind Celestia’s price surge. According to data from DefiLlama, daily volume jumped 4.4 times—from $67.94 million to $301.7 million. To put this in perspective, the highest volume recorded in November before this spike was $132.99 million, making the recent activity more than double that level.
Moreover, on-chain trading through decentralized exchanges (DEXs) surged to nearly a quarter of a billion dollars. Dune Analytics data showed DEX volume at $244 billion, leaving less than $6 billion to reach this significant milestone.
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**What Does the High Number of Transactions Indicate?**
The notable increase in transaction count also contributed to the price rally. On the day of the surge, there were 48,424 transactions—the highest daily total since August 9th. Of these, 40,899 included blobs, while 7,525 did not, indicating a large rise in bundled transactions on the Celestia network.
Additionally, the total number of trades surpassed the one million mark, reaching approximately 1,079,884, according to Dune Analytics. This surge in activity suggests growing network usage and positive market sentiment, which could help sustain Celestia’s upward price trajectory if the broader crypto market maintains its momentum.
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**What’s Next for TIA Price?**
From a technical perspective, TIA’s price broke above a descending trend channel on the 4-hour chart and was consolidating just above the upper boundary—potentially retesting the breakout level. Market volatility indicators, such as the MACD bars, reflected strong buyer interest, while the Relative Volatility Index (RVI) remained above 75, signaling robust price movement strength.
If TIA holds above $1, the next key target lies in the $1.50 to $1.60 range. Successfully breaching this zone could pave the way for a rally toward $2, marking a bullish market outlook. On the other hand, failure to maintain support above $1 could trigger a price pullback, delaying upward momentum.
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**Conclusion**
Celestia’s recent price surge mirrored the overall positive sentiment across the altcoin market. However, the sustainability of this move remains uncertain, with the potential for traders who bought in at lower levels to take profits. Monitoring market conditions and price action around key support and resistance levels will be critical in determining TIA’s future trajectory.
https://bitcoinethereumnews.com/tech/tia-breaks-past-1-is-2-the-next-target-for-celestia-bulls/