Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Celestia (TIA) and Injective (INJ) are forerunners of the coming altcoin season

Celestia (TIA) and Injective (INJ) are forerunners of the coming altcoin season

CryptodailyCryptodaily2024/01/05 11:55
By:Laurie Dunn

Table of Contents

  • $TIA rocketship continues huge move
  • $INJ one of the first to recover from crypto dump

With altcoin season perhaps just around the corner, both Celestia (TIA) and Injective (INJ) are showing the kinds of price gains to come from other top-performing altcoins.

Friday sees bitcoin right up against the $44,000 resistance, and most of the altcoins are in the red. The market looks to be forming its decision as to which direction the day will take. Bitcoin is key here, but one or two of the altcoins are already looking to begin a green day.

$TIA rocketship continues huge move

Celestia (TIA) is a relative newcomer to the altcoins, and provides a niche whereby anyone can set up their own customisable blockchain, with a network that scales securely as more users join.

Celestia (TIA) and Injective (INJ) are forerunners of the coming altcoin season image 0

Source: Trading View

$TIA launched on major exchanges in early November, and since then the price has gone up steadily, reaching nearly $15, from a launch price of $1. A period of sideways consolidation over the last three weeks, holding support at $11.50, resulted in a breakout over the last couple of days which has now turned $14 into support. Price discovery is ongoing.

$INJ one of the first to recover from crypto dump 

Celestia (TIA) and Injective (INJ) are forerunners of the coming altcoin season image 1

Source: Trading View

Injective (INJ) is one of the other few altcoins to be in the green at time of going to press. After Wednesday’s crypto dump , $INJ has recovered incredibly well, with the current price only just 1% short of the opening price on Tuesday.

The price is now sitting nicely on the support of the 0.618 fibonacci level, and has tagged the resistance at $39.58. Next move is to break this resistance and turn it into support, with the next target of resistance and the 0.786 fibonacci level at $41.47. A more advanced target is to be found at the 1.618 fibonacci at a price of $54.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Nomura warns: US stock indices are "seriously distorted", ten stocks contribute 70% of S&P gains, beware diesel brings new shocks

McElligott believes that the S&P 500 is experiencing a "delusional boom": 85% of its constituent stocks have already corrected (one-sixth have been cut in half). What's more dangerous is the current extremely low market correlation, a situation historically seen only on the eve of the 2007 financial crisis and during the 2018 "Volmageddon". The market is facing two major hidden risks: first, OpenAI's revenue shock (only reaching 30% of expectations) threatens the foundation of the AI narrative; second, structural shortages in refining mean that the "diesel crack spread = interest rate volatility", becoming an invisible time bomb.

华尔街见闻•2026/10/10 10:31
Nomura warns: US stock indices are "seriously distorted", ten stocks contribute 70% of S&P gains, beware diesel brings new shocks

The 10-year US Treasury yield approaches 5.4%, with the AI halo unable to hide the "inflated" risks of the S&P 500

Behind the S&P 500's record high, only 30% of its constituent stocks are above their 50-day moving average, marking the narrowest market breadth at a record high since 1990. The Russell 2000 has fallen for five consecutive weeks, and high-yield bond yields have soared to 15%. Societe Generale warns that if US Treasury yields rise to 6% and oil prices reach $150, the S&P 500 could fall by more than 20% next year. In addition, some top-performing fund managers have completely exited AI stocks in favor of energy, stating that once financing dries up, it will be "game over."

华尔街见闻•2026/10/10 04:01