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- 1 TIA token price slips below its key moving averages depicting bearish cues.
- 2 Buyers have lost strength and looked trapped in the last few sessions.
The TIA Token (Celestia) price reflected an intense bearish pressure and has dragged over 9.80% in the last 24 hours. The price action reflects lower low swings and the token persisted in facing rejection from the downward sloping trendline. However, the token has not breached the make-or-break region of $11, which if broken, the token may decline toward the $10 mark. Additionally, the token is delivering bearish cues and may continue to lose gains.
At press time, the Celestia token (TIA) price was trading at $12.45 with an intraday drop of 9.44%, reflecting neutrality on the charts. It has a monthly return ratio of -25.90% and 322.90% on a yearly basis. The pair of TIA/BTC is at 0.000187 BTC, and the market cap is $1.75 Billion. Analysts are bearish and suggest that TIA price may retest the demand zone of $10 soon.
TIA Token Price To Volume Profile Revealing Selloff
Amidst the price decline, the trading volume was noted an increase over 31.20%, noting around $173.27 Million. However, the trend is negative and the token persisted in dragging the gains, draining over 35% this month.
Price Volatility and Sentiment Remained Neutral
The above data showcased the price volatility data, which revealed a rise of over 15% to 0.071 this week, However, the total weighted sentiment remained in the negative region, noting around -0.442.
Social Dominance and Social Volume AI Noted Below Average
Per the Santiment data, following the price decline, the social dominance and social volume AI data noted a decline. The social dominance value is below average and is noted around 0.070%, whereas the social volume was around 2.90.
What Does Open Interest and Whale Activity Indicate?
The derivative data indicates long unwinding activity and the open interest dragged over 2.39% to $143.02 Million. However, the percent to stablecoin supply held by whales noted a significant surge of over 1.90% to 55.20.
Per the Fibonacci retracement levels, the TIA price has slipped below the 38.2% zone and is close to the 23.6% support zone. The technicals are showcasing a bearish crossover and the token may drag toward the $10 mark shortly. The volume to market cap ratio of TIA is 0.101.
The total supply of the Celestia token is 1 billion and the circulating supply is 141.04 million. TIA stands at 67 per the market cap in the global crypto market.
Summary
The Celestia (TIA) token price chart shows selling pressure. The crypto has slipped to the oversold region. The price action signifies follow-on selling momentum and the sellers are willing to drag the token toward $10 shortly.
Technical Levels
Support Levels: $11.40 and $10.60
Resistance Levels: $13 and $13.80
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
