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Home»Altcoins»This Layer-1 Altcoin Looks ‘Interesting’ After Forming Classic Bottom Structure, According to Veteran Trader
Altcoins

This Layer-1 Altcoin Looks ‘Interesting’ After Forming Classic Bottom Structure, According to Veteran Trader

January 23, 2025No Comments2 Mins Read
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Celestia (TIA), the native token of a modular blockchain project, has caught the attention of a veteran trader known for his timely crypto calls. The trader, known as The Flow Horse, shared his bullish outlook on TIA in a recent update on his Telegram channel.

According to The Flow Horse, TIA has been forming a classic bottoming pattern over the last six months, indicating a potential breakout on the horizon. He highlighted several reasons for his interest in TIA, including a recent capitulation of emotions surrounding the token and its resilience despite being written off by many in the crypto community.

While The Flow Horse is optimistic about TIA’s prospects, he also cautioned that the token may experience a temporary dip to the $4 level before embarking on an uptrend. He mentioned a significant bid placed around $4, suggesting that a potential 20% haircut could be in store for TIA holders.

Venture capitalist Chris Burniske, who has been vocal about his support for TIA, reiterated his belief that the token would be a top-performing altcoin in this market cycle. Burniske has been accumulating TIA tokens in anticipation of a substantial recovery in the future.

At the time of writing, TIA is trading at $4.67, reflecting a 5.1% decrease in the last 24 hours. Despite the short-term price movement, both The Flow Horse and Burniske remain optimistic about TIA’s long-term potential.

To stay updated on the latest developments in the crypto market, be sure to subscribe to receive email alerts directly to your inbox. You can also follow us on Twitter, Facebook, and Telegram for real-time updates and analysis.

See also  XRP: All gas, no crowd - Why there's no demand for the altcoin

In conclusion, Celestia (TIA) is a token worth keeping an eye on as it navigates through a challenging but promising market environment. With the support of experienced traders and industry experts, TIA may have the potential to emerge as a standout performer in the altcoin space.

altcoin Bottom Classic Forming Interesting Layer1 Structure Trader Veteran
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