The price of the TIA Token (Celestia) has dropped by over 9.80% in the past 24 hours, indicating strong bearish pressure. The token is facing rejection from a downward trendline and has not yet broken the crucial $11 mark. If this level is breached, there is a possibility that the price could decline towards $10. It appears that buyers have weakened, suggesting a potential continuation of the bearish trend.

Currently, the TIA token is trading at $12.45, showing a significant intraday decline of 9.44%. The monthly return ratio stands at -25.90% while the yearly return is at 322.90%. The trading pair TIA/BTC is at 0.000187 BTC, with a market cap of $1.75 billion. Analysts predict a retest of the $10 demand zone in the near future.

TIA Token Price To Volume Profile Revealing Selloff

Despite an increase in trading volume by 31.20% to $173.27 million, the token continues to experience a negative trend, with losses exceeding 35% this month.

Price Volatility and Sentiment Remained Neutral

The price volatility has increased by 15% this week to 0.071, while the total weighted sentiment remains in the negative territory at around -0.442.

Social Dominance and Social Volume AI Noted Below Average

Following the price decline, social dominance and volume AI have shown a decline. Social dominance is below average at 0.070%, and the social volume is around 2.90.

What Does Open Interest and Whale Activity Indicate?

Derivative data indicates long unwinding activity, with open interest dropping by 2.39% to $143.02 million. Whale activity has seen a significant surge of 1.90% to 55.20%.

The TIA price has fallen below the 38.2% Fibonacci retracement level and is approaching the 23.6% support zone. Technical indicators suggest a bearish crossover, with the token possibly heading towards $10. The volume to market cap ratio for TIA is 0.101.

The total supply of Celestia tokens is 1 billion, with a circulating supply of 141.04 million. TIA currently ranks 67th in the global crypto market based on market cap.

Summary

The price chart for the Celestia (TIA) token indicates significant selling pressure and oversold conditions. The momentum suggests further selling with a potential decline towards $10.

Technical Levels

Support Levels: $11.40 and $10.60

Resistance Levels: $13 and $13.80

Disclaimer

The information provided in this article is for informational purposes only and does not constitute financial, investment, or any other kind of advice.