Celestia (TIA) Forms Bullish Setup

Cryptocurrency Celestia is a modular blockchain network built with the Cosmos SDK, designed to offer a scalable and customizable platform for decentralized applications and rollups. It separates the consensus and execution layers, allowing developers to focus solely on the execution layer. Celestia introduces data availability sampling to enhance scalability and does not impose execution or settlement constraints. The native token, TIA, is used for gas fees, network governance, and staking. This architecture provides developers with the flexibility to create their own execution and settlement environments, opening up new possibilities in the blockchain space. TIAUSD has pretty nice and clean bullish setup formation with impulsive five-wave rally, followed by an A-B-C corrective setback that can send the price higher by Elliott wave theory. It’s now trying to break above channel resistance line after a completed wedge pattern within wave C of an A-B-C correction. First bullish evidence is above 7.5, while bullish confirmation is above 12 level.More By This Author:AUDNZD Is Turning From Resistance
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