Celestia crypto hits 11-month high – Is $0.80 TIA’s next target?

As the broader crypto market recovered, Celestia [TIA] bounced back from a $0.52 slip and reached an 11-month high of $0.71. However, at press time, Celestia was trading around $0.68, up 28% on the daily charts. Over the same window, the altcoin’s trading volume surged 160% to $162 million, indicating higher market participation. Additionally, the daily turnover rose from $32 million to $63 million, suggesting a higher buying pressure. Celestia rallies as bears face liquidation After Celestia pumped, traders who had positioned themselves anticipating further price slip were flushed out of the market. According to CoinGlass data, the altcoin saw $1.4 million worth of shorts liquidated. Usually, when shorts are liquidated, it creates new buying pressure, pushing the price higher and triggering more short liquidations.

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