Celestia Climbs 19% Above $0.70 as Breakout Faces Test

Celestia’s TIA rose 19% to $0.7019 at 11:54 a.m. ET (15:54 UTC) Friday, Oct. 16, clearing $0.70 and its earlier trading range as traders watched for follow-through.

The token reached an intraday high of $0.7233. TIA had spent months in a trading range before the rally pushed it above that band, making its ability to hold the level a focus after the sharp advance.

Crypto analyst Rekt Capital called the move a confirmed break above the “Macro Accumulation Range” and said TIA had gained 50% since appearing on his Altcoin Watchlist.

Celestia is also testing Fibre, its data-availability system. In an Oct. 1 benchmark, Fibre averaged 3.07 terabits per second across 120 validators over 143 seconds. The test used 2-gigabyte blobs and one-second blocks on an experimental performance branch. The planned initial mainnet release will start with 128-megabyte blobs, and some benchmark settings will not be available at launch.