It looks like altcoin season might be approaching, and both Celestia (TIA) and Injective (INJ) are showcasing promising price movements akin to other top-performing altcoins.
Bitcoin is edging towards the $44,000 mark, while many altcoins are in the red. The market appears to be deciding on its direction for the day, primarily guided by Bitcoin, yet a few altcoins are signaling a potentially positive day ahead.
Celestia (TIA) is a newer player in the altcoin realm, offering a customizable blockchain platform that scales securely as user numbers grow. Since its debut on major exchanges in early November, TIA has steadily risen from $1 to nearly $15, with recent days witnessing a breakout after a period of sideways movement. Currently, $14 seems to have turned into a strong support level, marking ongoing price exploration.
On the other hand, Injective (INJ) stands out as one of the select few altcoins showing gains. Despite the recent crypto downturn, INJ has remarkably bounced back, sitting just 1% below its Tuesday opening price.
Currently finding support at the 0.618 fibonacci level and aiming to surpass resistance at $39.58, INJ eyes turning this resistance into a solid support at $41.47, followed by an ambitious target at the 1.618 fibonacci level, reaching $54.
