Celestia's Proposal Drives TIA Token Surge Past Key Resistance

Celestia's token, TIA, has seen a significant surge in price over the past day, jumping by about 15.17% to trade at $0.509.

The boost is largely attributed to the network's new 'Sustainable Blob Economy' proposal, which was announced on July 11th.

This development has led to a steady increase in market activity, with the network's trading volume reaching $129 million over the last 24 hours, according to DefiLlama.

The impacts of this increased network activity are already visible on the daily chart, as TIA has invalidated a key trendline resistance that had held for months.

With the token now trading above all its key EMAs, a progressive bullish push to target the next resistance level at around $0.625 is more than likely to occur.