The post Crypto Market Analysis: Here’s What’s Next for TIA, GRASS and ARB Price for the Rest of 2024 appeared first on Coinpedia Fintech News
The crypto markets are gearing up and heading towards the monthly close, which may keep up the ‘Uptober’ vibes. While the Bitcoin price is just a few inches away from the highs, the market participants have become more optimistic over the next price action. While the popular altcoins have been trading within a consolidated trend, some of them are expected to maintain a strong ascending trend, regardless of the market fluctuations that could occur before the end of the year.
Celestia (TIA) Price Analysis
The Celestia price is trading under a bearish influence after facing a rejection from the resistance above $6. With the rise in the selling pressure, the token is expected to continue heading towards support. Hence, a bearish trade has been activated during the monthly close, while the trade for the rest of 2024 is expected to have a larger influence on the bulls.
The Celestia price is stuck within a descending parallel channel and is about to drop below the average bands of the channel. The RSI is drowning while the MACD shows a rise in the selling pressure. Hence the price is expected to drop below $4 and mark the lows at $3.5 which could attract fresh bullish momentum, elevating the levels back above $7 and reaching $10 before the end of 2024.
Grass (GRASS) Price Analysis
The recently launched token GRASS has been displaying massive strength since its inception and has been holding lower support. The short-term trade suggests the token has a huge potential to maintain a healthy ascending trend in the long term. The technicals are in favour of the bulls and hence a notable rise may be imminent.
The current price action suggests the price is gaining some strength as the stochastic RSI remains along the upper threshold. Although the levels are draining, the possibility of a bullish crossover remains pretty high. In case of a bearish continuation, the GRASS price may find a base at $1, which may trigger a strong rebound, testing new highs.
Arbitrum (ARB) Price Analysis
Arbitrum price is trying very hard to rise above the descending trend that it triggered after the rejection from the yearly highs. Currently, the price is failing to hold one of the crucial resistances but remains within the bullish range that keeps up the bullish potential.
While the markets triggered a healthy rebound in August, the ARB price failed to trigger a strong rebound. However, it holds within a rising parallel channel and is expected to maintain a healthy trend as the RSI remains elevated. Therefore, the Arbitrum price is believed to test the lower support below $0.5, which may trigger a healthy rebound and rise above the crucial resistance at $0.7, which may pave the way for the token to reach above $1.