Celestia (TIA) Makes an All-Time High. Should You Buy?

• Celestia (TIA) hits a new all-time high of $20.79.
• Bitcoin’s climb to $46,300 brings green across the crypto market.

In the wake of a positive market, Celestia (TIA) surged to an all-time high of $20.79 today, bolstering its market cap to a robust $3 billion. Additionally, the coin’s daily trading volume displayed an uptick of over 30% in the past 24 hours, reaching an impressive $280 million.

Celestia (TIA) Price Chart (Source: CoinMarketCap)

This surge coincides with Bitcoin’s (BTC) rally to $46,300, which has injected further momentum into the cryptocurrency market. However, since its inception, Celestia has consistently captured attention with its relentless price rally. 

Over the past week alone, TIA has witnessed a notable 16.16% surge in value, solidifying its position as one of the top-performing altcoins of 2024. Despite a brief pullback in the second half of January, TIA appears poised to challenge the $25 threshold once again.

Analysts are optimistic about Celestia’s prospects, anticipating the possibility of a new all-time high if the current trend persists. However, if a reversal occurs, TIA has established its initial support at $18.64, with a potential further decline to the $16.86 support level.