Altcoins News
By Evie Vavasseur
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Celestia (TIA) is facing growing bearish momentum as its price continues to spiral downward, raising alarm among investors and traders.
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At the time of writing, TIA is trading just above $1.31, a key local support level. However, that support appears increasingly fragile as selling pressure mounts.
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Recent data from Coinalyze reveals a notable increase in Open Interest even as TIA's price has declined.
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Other on-chain indicators further confirm the weakening outlook. The spot Cumulative Volume Delta (CVD) has been in a steady downtrend, signaling increased selling pressure in…
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From a technical standpoint, the 1-day chart shows that Celestia’s price has been in a consistent downtrend since mid-May.
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The moving averages also offer no relief for bulls, with both short-term and long-term averages continuing to slope downward.
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One area of interest for traders is the liquidation heatmap, which shows a dense liquidity zone between $1.27 and $1.33.
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Unfortunately, the fundamentals offer limited hope in the short term. Data from CoinMarketCap reveals that approximately 995,000 TIA tokens are being unlocked daily, adding a…
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In conclusion, Celestia’s outlook remains firmly bearish across both technical and on-chain metrics.
The Currency Analytics
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