Celestia (TIA) has experienced a notable 12% price jump over the past 24 hours, signaling a potential breakout above $4. Despite the positive momentum, the broader market cues continue to present challenges that could limit TIA’s upward trajectory. 

However, the current price action suggests the altcoin could maintain its bullish trend.

Celestia Is Aiming Higher

The Relative Strength Index (RSI) for Celestia has recently reached a near three-month high, reflecting the strength of the altcoin’s bullish momentum. This increase in RSI indicates that TIA’s price could continue rising if the current factors persist. Notably, TIA exhibits an inverse correlation of -0.69 with Bitcoin, meaning that its price is less influenced by BTC’s movements. This further supports the outlook that TIA could break higher and see further gains, especially if investor sentiment remains positive.

With the RSI signaling an increase in bullish strength, TIA’s momentum could continue upward. Should these trends hold, the altcoin may experience a continuation of its uptrend, making a potential breakout above the $4.00 resistance level increasingly likely.

Celestia’s price action is also affected by broader market cues, with the Ichimoku Cloud indicating bearish trends in the overall market. At present, TIA remains above the candlesticks, suggesting that the altcoin is somewhat shielded from these market pressures.

However, if TIA investors begin selling for profits, the altcoin’s dependence on broader market trends may increase, which could pose challenges to its price stability.

The Ichimoku Cloud is typically used to assess market momentum and trend shifts. It suggests that while TIA is not directly impacted by the bearish market sentiment at this moment, a change in investor behavior could alter its trajectory.

TIA Price Is Preparing For A Breakout

Currently, TIA is trading at $4.09, up by 12% from the previous day and holding above the support level of $3.88. Moving within an ascending channel, TIA seems poised for a breakout. A successful breakout could propel the altcoin by 21.8%, pushing its price above the $5.00 mark, marking a six-week high for TIA.

The next significant resistance for TIA lies at $4.50. If the altcoin can breach this resistance, it will likely continue its upward trajectory, opening the door for further rallies. The price target would be set at $5.00, with additional upside potential if the bullish momentum continues.

However, should the breakout attempt fail, TIA could see a pullback. A failure to maintain the support at $3.88 would likely result in a drop. TIA would thus test the lower trend line of the ascending pattern. If the price falls out of this pattern, the altcoin may decline to $3.23, potentially invalidating the bullish outlook.

KAITO has recently experienced a slight drop from its all-time high (ATH) of $2.92, which it reached just two days ago. The altcoin is now attempting to reclaim that peak, but the broader market cues are exerting downward pressure. 

KAITO’s recovery depends heavily on Bitcoin’s performance, with both coins showing an increasing correlation in price movements.

KAITO Needs Support

KAITO’s correlation with Bitcoin has been rising, suggesting that it closely follows Bitcoin’s market trends. This uptick in correlation indicates that KAITO’s price movement is becoming more aligned with BTC’s actions. 

As Bitcoin recovers from its intra-day low of $78,250, reaching a trading price of $84,719, the broader market sentiment could shift. If Bitcoin continues its upward trajectory, KAITO’s price could follow suit, assuming the correlation strengthens further.

However, despite this potential for upward momentum, traders are still skeptical. The negative funding rate of KAITO, which has increased over the past 24 hours, reveals that many are betting against the altcoin. 

Short contracts have dominated over long contracts, showing the traders’ reluctance to fully back KAITO’s recovery at this moment. The mixed signals from market sentiment point to a level of uncertainty that could stall KAITO’s price movement in the short term.

KAITO Price Attempts Recovery

KAITO’s price is currently sitting at $2.22, just below the resistance level of $2.26. While the broader market conditions seem favorable for a potential recovery, traders’ sentiment remains cautious.

KAITO is attempting to breach this resistance, but if the negative funding rate continues, it may struggle to secure further gains.

Given the mixed signals, KAITO may continue to trade within a range between $1.86 and $2.44 in the near term. This consolidation suggests that the altcoin could remain trapped under $2.44, a critical resistance level.

A successful breach of $2.44 would indicate the possibility of a rally, with the potential for KAITO to break its ATH of $2.92 and reach above $3.00.

A failure to break the $2.44 resistance level could result in KAITO consolidating under this price point, with the altcoin remaining stuck within the same range. A breach of $1.86 would further invalidate the bullish outlook, signaling a possible continuation of the downtrend.

Key figures in the crypto space, including Ethereum co-founder Vitalik Buterin, are advocating for former Bitcoin evangelist Roger Ver to receive a presidential pardon from Donald Trump.

Ver, often called “Bitcoin Jesus,” was arrested in February 2024 while attending a crypto conference in Barcelona, Spain. He faces charges in the US for allegedly evading over $48 million in taxes and filing a false tax return.

Industry Figures Question Legal Motives Behind Roger Ver’s Prosecution

Over the past months, Vitalik Buterin and other industry players have raised concerns about the severity of Ver’s prosecution.

Today, Buterin suggested that authorities may be targeting Ver because of his outspoken views on personal freedoms. He argued that the government should focus on recovering unpaid taxes rather than pursuing harsh legal action.

“The case against Roger seems very politically motivated; like with Ross Ulbricht, there have been plenty of people and corporations who have been accused of far worse and yet faced sentences far milder than what Roger is facing,” Buterin argued.

Considering this, the Ethereum co-founder proposed that the authorities should allow Ver to settle any outstanding taxes instead of imprisonment.

“Genuine good faith mistakes should be treated by giving the actor the opportunity to pay back taxes if needed with interest and penalties, not with prosecution,” Buterin concluded.

Similarly, Ross Ulbricht, the former Silk Road operator who recently secured clemency, has also backed Ver’s case.

“No one should spend the rest of their life in prison over taxes. Let him pay the tax (if any) and be done with it,” Ulbricht stated.

Ulbricht’s supporters had long argued that his own sentencing was excessively harsh, and now, many in the crypto space see parallels in Ver’s legal battle.

Jesse Powell, co-founder of Kraken, has questioned the credibility of the charges, suggesting that authorities are deliberately making Ver’s life difficult.

“The reality is, they just don’t like him and they want to get him, and they will use any excuse they can to get him or make his life hell for as long as they can,” Powell said.

Meanwhile, Ver himself has taken to social media, appealing directly to President Donald Trump. In January, he wrote that he needed the President’s help to deliver justice. He also shared a video describing himself as a victim of political persecution.

More recently, he suggested that his case was politically motivated, saying:

“I have always tried to pay what the law requires. This isn’t about taxes.”

Despite these efforts, predictions market odds on Polymarket show only a 7% chance that Trump will pardon Ver within his first 100 days in office.

This low probability may be partly due to Elon Musk’s stance on the matter. Now leading the Trump administration’s Department of Government Efficiency (DOGE), Musk has dismissed the possibility of a pardon.

The Tesla CEO argued that Ver forfeited his right to clemency by giving up his US citizenship.

“Roger Ver gave up his US citizenship. No pardon for Ver. Membership has its privileges,” Musk said.

Overall, most of the crypto community thinks Ver’s prosecution is extremely disproportionate to the alleged charges. Yet, Ver’s current residency in Spain might impact his plea to the US President.