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The Celestia price soared more than 23% over the past 24 hours to trade at $6.31 as of 8:15 am EST as investors bet big on the cryptocurrency.

This impressive performance also knocked Celestia’s longer-term time frames deeper into the green zone. The Celestia price had risen more than 166% over the past 7 days, while its up more than 200% in a month.

Celestia Price – Where Next? TradingView ChartTradingView Chart

4-hour chart for TIA/USDT (Source: TradingView)

A bearish rising wedge has emerged on TIA’s 4-hour chart, which could lead to a correction in the Celestia price. Should this pattern be validated, the altcoin’s price may test the immediate support level at $5.5495 within 24 hours.

Continued sell pressure at this point could then force the cryptocurrency’s value down to the subsequent support level of $4.5630. In an extremely bearish scenario, TIA could plummet to as low as $3.8900 over the next couple of days.

This bearish thesis could be invalidated if the Celestia price closes two consecutive 4-hour candles above $6.800 within the next 48 hours. In this more bullish scenario, TIA could receive a boost from traders as they attempt to boost the Celestia price to the best possible all-time high (ATH).

Looking at technical indicators on TIA’s 4-hour chart shows that the altcoin’s bullish momentum has simmered down slightly. Despite this, bulls do seem to have re-entered TIA’s charts. 

The Moving Average Convergence Divergence (MACD) line fell towards the MACD Signal line. This suggests that a potential bearish reversal in TIA’s momentum may occur in the coming days.

If the MACD line crosses below the MACD Signal line, traders and investors may need to brace for a test of the aforementioned $5.5495 support level.

Potential For A New ATH For The Celestia Price

However, bulls may attempt to prevent a test of the immediate support level, as a significant bullish technical flag was triggered. Over the past 12 hours, the Relative Strength Index (RSI) line broke above the RSI Simple Moving Average (SMA) line on TIA’s 4-hour chart.

This specific technical occurrence is generally a sign that buyers have gained strength against sellers. If this technical flag is validated, the Celestia price could enter into a pursuit to set a new ATH.

While traders try to gauge in which direction the Celestia price will move, Bitcoin ETF Token is oozing potential as the possibility of a spot Bitcoin ETF (exchange-traded fund) receiving approval continues to grow.

Riding The Spot Bitcoin ETF Wave

The Bitcoin ETF Token is the first cryptocurrency created solely to benefit from the high probability that spot Bitcoin ETFs will soon receive approval in the US. With its clever play on the phrase “Bitcoin ETF,” the project is rapidly gaining traction in cryptocurrency as the market eagerly awaits the potential for spot Bitcoin ETFs to become a reality.

Rampaging Through Fundraising Milestones

Bitcoin ETF Token is attracting investors by the dozens as it soars past $700K raised. Bitcoin ETF Token’s native cryptocurrency, BTCETF, is selling for just $0.0052 and is already set to generate a return on investment during its presale.

Within the next 24 hours, BTCETF’s price will be increased. So, anyone looking to buy into this promising project may want to act fast. 

The many spot Bitcoin ETF applications filed by reputable asset managers like BlackRock and Grayscale could lead to substantial capital injections for the cryptocurrency sector. Bitcoin ETF Token is perfectly positioned to ride this wave and could soon generate 20X returns for its early-stage investors.

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