Date: Wed, February 19, 2025 | 10:54 PM GMT
In the cryptocurrency market, within the last 24 hours, major altcoins are showing signs of recovery after experiencing weeks of corrections.
Amid this, Celestia (TIA) and Quant (QNT) are displaying strong upside momentum as TIA has surged 6% following a key breakout, while QNT is hovering near a key resistance level, hinting at a similar potential move.
Celestia (TIA)
Celestia (TIA) has successfully broken out of a falling wedge, signaling a reversal from its previous downtrend. After testing support near $2.35, TIA moved sharply upward, breaking through the wedge’s upper resistance trendline. It is currently trading around $3.19, and there is a possibility of a retest at the breakout level before further gains.
If momentum continues, the next key level to watch is the 25-day Simple Moving Average (SMA) at $3.41. A confirmed move above this point could drive TIA toward resistance levels at $4.54 and $5.70, marking a potential 77% upside from current prices.
Quant (QNT)
Quant (QNT) is showing a similar pattern to TIA, trading within a falling wedge and now approaching a critical breakout zone. The price recently bounced from $73, a key support level, and is now testing the upper resistance boundary of the pattern.
Currently, QNT is trading at $97, and if it successfully breaks out above and confirms the move with a retest, the next target would be $123, representing a 27% potential upside from current levels.
Final Thoughts
With Bitcoin dominance declining, altcoins like TIA and QNT are showing renewed strength. TIA has already confirmed its bullish breakout, and if it maintains support, further gains are likely. Meanwhile, QNT is approaching a key breakout point, and a successful move above resistance could spark an upward rally.
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