As cryptocurrencies enter retests following a huge market retracement, Celestia has emerged as a top performer.
As TIA price flies – this meme coin has also surged to an all-time high.
In this article, unpack the latest Celestia price trends, decipher where TIA price strength could lead in the weeks ahead, and unearth this hidden gem delivering the biggest gains in the August market.
$TIA/usdt DAILY
beautiful entry here @ $5 for $TIA …. pay attention to the ones that haven’t pumped yet pic.twitter.com/HgEheS7Lbd
— Satoshi Flipper (@SatoshiFlipper) August 7, 2024
While other leading altcoins have bled out into the week, Celestia has mounted an impressive recovery that so far spotlights it as a favorite among retail traders; prominent traders such as Satoshi Flipper have highlighted an accumulation zone afoot as the TIA price continues to battle descendant channel resistance.
TIA Price Analysis: As Celestia Price Recovers From Bottom – Is Celestia Crypto Best Buy?
As price action bounces from a potentially bullish second retest of support at the accumulation zone, Celestia is currently trading at a market price of $4.72 (representing a 24-hour change of -5.2%).
Amid the chaos of the crypto crash earlier this week, traders were gifted a glimpse into long-time frame price structure, and one of the most compelling revelations in TIA price analysis has been the emergence of an accumulation zone between $3.88 – $4.15.
This appears to boost sentiment across the chart, with the double confirmation of support at this lower level following the second re-test fuelling expectations of breaking out from the current descendant trading channel structure.
So far, upside trajectory is looking strong, with TIA smashing back above the local support of the 20DMA (which is currently sat around $4.85.
Meanwhile, despite the move up out of the accumulation zone, the RSI remains bullish and cooled-off at a present 42.29, suggesting there is still plenty of capacity to the top of the trading channel.
However, while price looks set to recover here, strong resistance levels at $6 (+27%) and $7.5 (+60%) limit upside returns on the short-time frame.
For this reason, smart money investors are looking further into the Pepe Unchained presale, setting PEPU up for major gains in the weeks ahead.
Pepe Unchained Is Set For Monumental Launch As PEPU Presale Rockets Towards $8M Raised
Already standing strong at a jaw-dropping $7.95m raised, this viral beta play is all the more impressive considering the team only launched the PEPU presale a week or so ago.
However, this is no ordinary spinoff token; in fact, Pepe Unchained could be the exact revolution that PEPE needs in the 2024 market environment.
At the heart of this is the fact that Pepe is an ERC-20 token, a token standard and chain that is not only increasingly unpopular but also slow and expensive.
Other top-shelf meme coins, such as Shiba Inu, have had a dynamic response to these scalability challenges surrounding Ethereum, with Shiba Inu developer Shytoshi deploying a layer-2 scaling solution named Shibarium last year.
Yet, the same cannot be said of Pepe, which has been slow to respond to challenges, which has led to Pepe Unchained’s creation.
Positioned as a community-fuelled Layer-2 solution, PEPU is positioned as Pepe 2.0.
The Breaker of Chains did it again!
$7.5M raised! pic.twitter.com/ygR2ivQhtl
— Pepe Unchained (@pepe_unchained) August 7, 2024
And amid fever for high-speed, low-cost meme coin trading on the latest and greatest Layer-2 blockchains like BASE and BLAST, there is clear unhinged growth potential for this near $8M market cap project.
Indeed, the $32M needed for PEPU to produce a 10x is just a raindrop in the ocean of the $39,373,097,994 that PEPE would require to produce the same returns.
So don’t miss out – engage with the Pepe Unchained community on X and Telegram.
Buy PEPU Here
The post Celestia Skyrockets to Top Performer as Meme Coin Hits All-Time High appeared first on Cryptonews.
