Tia is seeing an increase in price. However, notable analyst suggests further surge could occur if the asset breaks above a certain level.
Open interest and development activity show positive trends, suggesting further bullish potential for the token., the native token of Celestia, a modular data availability network, has been gaining attention due to its recent price movements. Celestia aims to simplify the process of launching blockchains, making the technology more accessible and user-friendly for developers.
However, he added that a breakout above the $4.60 level could signal a potential trend reversal. This outlook suggests that while TIA may face short-term challenges, a key resistance level could serve as aIn light of Van De Poppe’s technical analysis, it is important to consider TIA’s underlying fundamentals to assess whether the token has the potential to break through the $4.60 resistance level.
from Coinglass, TIA’s open interest has increased by more than 15%, reaching a current valuation of $127.55 million.This growth in open interest suggests that there is heightened interest in TIA among traders, which could provide the liquidity necessary to push the token’s price higher. Additionally, TIA’s open interest volume has surged by 38.84%, now standing at $249.65 million.
Another key factor to consider is TIA’s development activity, which can serve as an indicator of the ongoing efforts to improve the Celestia platform.
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