The price of Celestia (TIA) has noticeably fallen, dropping over 90% from its all-time high. Despite having over $100 million in reserves, its value continues to decline, indicating deeper issues in the project.
Analysis of TIA Price Drop
The TIA token launch was successful, with prices reaching nearly $25, but a steady downtrend has followed. Despite several minor rallies, the price has repeatedly dropped. Currently, TIA is trading below $2, and if this trend continues, it may slide towards a support range between $1 and $1.20.
Community Concerns Regarding Celestia Token
In a post on X, trader BOBO highlighted several factors contributing to market pressure, including executive token sell-offs and upcoming large unlocks. These movements create dilution fears, which can lead to lower demand and increased volatility. Additionally, falling on-chain activity indicates a reduction in real network use, negatively impacting public perception of the project.
Price Recovery Prospects
Despite the price drop, Celestia developers continue to release updates and governance proposals, showing ongoing progress on the technical front. However, market response remains cautious. To begin recovery, TIA must reclaim lost technical levels, with key price zones near $5 and $8 likely determining any return of momentum.
The situation regarding the Celestia token requires careful monitoring, as community members and traders await clear results before re-engaging. The prospects for recovery remain uncertain.
