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The Celestia price rose 11% in the last 24 hours to trade at $5.92 as of 00:36 a.m. EST on trading volume that surged 70% to $338 million.
This comes as Celestia launched its first Mainnet upgrade, Lemongrass, which enhances user experience and interoperability by introducing 1-click interactions over Inter-Blockchain Communication (IBC) for seamless cross-chain transactions.
Lemongrass is live 🍵
As Celestia’s first Mainnet upgrade, Lemongrass introduces 1-click interactions over IBC, interchain accounts, and more. pic.twitter.com/ev9fEVxSRf
— Celestia (@CelestiaOrg) September 18, 2024
The upgrade also features Interchain Accounts, allowing Celestia accounts to be managed directly from other IBC-enabled chains, fostering greater connectivity within the Cosmos ecosystem.
Celestia Price Could Continue Soaring
The Celestia price movements since August have formed a double bottom pattern, with the bulls struggling to push TIA above the $6.10 resistance zone, according to data from GeckoTerminal.
The Celestia price has now soared past both the 50-day and 200-day Simple Moving Averages, a confirmation of the recent bullish rally. The 50-day SMA has also crossed above the 200-day SMA, forming a golden cross at $5.43, supporting the bullish stance.
Moreover, the Relative Strength Index (RSI) is soaring above the 70-overbought region, currently at 71, which indicates that TIA is under intense buying pressure.
The Moving Average Convergence Divergence (MACD) supports this sentiment, as it climbs above the neutral line. The blue MACD line has also crossed above the orange signal line, a representation of a bullish crossover.
If the bullish momentum continues, the price of Celestia could keep soaring, as the bulls currently target the $7.5 resistance zone.
With the RSI now showing that the asset is overvalued, it may be a selling signal for the bears. If the bears take control of the asset at this level, TIA could plunge back to the $4.9 support zone.
As the Celestia bulls aim to sustain the upward trend, other investors are buying a new GameFi project on Solana called Mega Dice (DICE), which has raised more than $1.8 million and has only 10 days left until its presale ends.
99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, says that $DICE has the potential to soar 100X after its launch.
Mega Dice Zooms Towards $2 Million In Blockbuster Presale
Mega Dice is an established crypto casino that will operate on the Solana blockchain. It has more than 10,000 active users who bet more than $50 million every month. Its aim is to dethrone crypto casino titan Rollbit Coin.
It has seamless integration with the popular TON Wallet on Telegram, making it easier than ever to execute and manage your wagers.
Mega Dice casino now supports the best Telegram wallet! #TON💳
Easily use your TON by choosing it as your deposit method and connecting your wallet in just a few steps. Start playing and winning today! 🔥
Join now👇https://t.co/FjIFjfAnCY pic.twitter.com/hlqt50vBUF
— Mega Dice Casino (@megadice) August 7, 2024
Token holders also stand to share in the casino’s profits through its unique staking system.
To join the presale, buy $DICE on the official website here for $0.116056 per token using BNB, ETH, or SOL. You can also earn 10% on any purchases made by investors you refer.
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Mega Dice - Newest GambleFi Token
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