New modular blockchain token Celestia has broken out in an ascendant upwards trading channel, as TIA airdrop captures market interest, but is it too late to buy Celestia?
Launched on just October 31, the TIA airdrop has already undertaken an alluring +87.7% climb since its highly anticipated release.
— TokenHunter (@_TokenHunter) November 13, 2023
Already sat as the number 13th cryptocurrency by trading volume, and situated in the top 100 by market cap, Celestia’s overnight success story appears to be defying ongoing retracement.
TIA Airdrop Price Analysis: As Celestia’s TIA Token Breaks-out in Dramatic Fashion, Is it Too Late to Buy Celestia?
Amid the ascendant upside move, the TIA airdrop is currently trading at a market price of $5.50 (representing a 24-hour change of +19.25%).
This comes in the latest leg of Celestia’s now 3-day long breakout rally move, which saw market excitement flood into a buying frenzy over the weekend, driving TIA airdrop price up +150%.
With price action still holding strong within a tight ascendant trading channel, ongoing movements are predictable, with the current retracement candle already being rapidly eaten up by TIA buys.
The minor localized retracement move comes following a small -8.93% rejection from a recent all-time high at $5.975.
However, continuous under footing from the rising 20DMA has provided secure structural support, limiting retracement at the emerging $5 psychological price level.
Additionally, in a boost to the health of TIA airdrop’s rally structure, the localized retracement seems to have enabled the RSI to begin cooling down from substantial overbought divergence.
Now stood at 61.90, the RSI suggests further consolidation here would enable the next rally leg, and this seems likely with a consolidation above $5 poising TIA airdrop price at the lower trendline within 12-hours.
This could trigger a strong bounce to a new all-time high, and this sentiment is reflected in the MACD which remains bullish at 0.0041.
Overall, TIA airdrop price action looks healthy here, with a minor localized retracement move following a new all-time high amid a breakout rally acting to entice new investors to enter the chart.
This leaves Celestia with an upside target at $6 (a potential +8.59% from here).
While downside risk could see Celestia return to lower support at $5 (a possible -9.15% tumble).
TIA airdrop therefore carries a risk: reward structure of 0.9 – a mediocre entry that would benefit from further patience as price continues to consolidate.
But while late-entrants to the TIA airdrop try to time their positions, an emerging viral meme coin presale is offering the opportunity for investors to get involved early.
Don’t Miss: Meme Kombat Presale Blasted Past $1.6m in Funding as Traders Flock to Potential 100X
Meet Meme Kombat, a trailblazing initiative that has seamlessly blended the memetic love of nostalgic gaming, and GambleFi, into a decentralized Web3 platform.
So, what makes Meme Kombat tick, and why should potential investors keep a keen eye on this presale?
The essence of Meme Kombat lies in its captivating arena where characters aiming to tap into deeply tribal crypto communities lock horns.
Players have the liberty to place their bets on these animated battles, predicting the outcomes and possibly reaping attractive rewards.
With a sturdy promise of Season 1 showcasing 11 distinct meme characters, there’s no shortage of action, and Season 2 is already on the horizon for December 2023.
Meme Kombat just blasted past $1.6 million raised in presale
There’s no stopping it! pic.twitter.com/QM7dSxgsUd
— Meme Kombat (@Meme_Kombat) November 13, 2023
The decentralized nature of the project, combined with the thrill of AI-driven battles, ensures that the outcomes are both transparent and unpredictable – every battle is a new experience, ensuring players stay engaged.
Meme Kombat Pits Leading Crypto Meme Communities in High Octane Staking Battles
The project isn’t just about excitement; it’s built on a foundation of trust – Meme Kombat’s commitment to transparency is evident through initiatives like the impending security audit of their smart contract.
The findings of this audit will soon be public, a move that many projects shy away from.
The founder and project lead, Matt Whiteman, isn’t an unknown entity in the crypto space.
His experience spanning two decades in process design, combined with his position as the COO of North Technologies, adds credibility to Meme Kombat.
When so many projects hide behind the veil of anonymity, Whiteman’s open profile and the project’s physical address in Amsterdam offer an extra layer of trustworthiness.
The tokenomics of Meme Kombat is also an appealing factor for potential investors – Stake the Meme Kombat ($MK) token, priced attractively at $0.189, and dive into a rewarding ecosystem.
With a generous APY of 112%, stakers not only benefit from passive income but can also use their staked tokens to place bets in the arena – this dual functionality – earning while gaming – sets Meme Kombat apart.
Intriguingly, engagement on the platform directly influences the income one can earn, so, the more you participate, the more you stand to gain.
With the GambleFi industry booming following coins like Rollbit, Meme Kombat seems poised to tap into this lucrative market with its innovative approach.
By merging memes, gaming, and blockchain, the platform is presenting something fresh to the crypto community.
For those looking to diversify their portfolio with a unique offering, Meme Kombat seems like an opportunity too good to miss – so, don’t be left behind (stay tuned with the MK Telegram).
Embrace the future of meme-based gaming and betting with Meme Kombat.
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.