Celestia (TIA) continues to face significant selling pressure amid low trading volume and bearish sentiment. The token has fallen approximately 98% from its all-time high and is trading at $0.29, with analysts identifying $0.63 as a key level for a potential trend reversal. Derivatives data reveals a mixed picture, with futures volume down but open interest rising slightly.
Celestia (TIA) remains under selling pressure with declining volume and negative market sentiment. As of March 29, TIA is trading at $0.29, down 0.43% on the day with a 55.71% drop in volume to $14.9 million.
Analyst Crypto Patel highlighted that TIA has lost 98.73% from its all-time high and is trading in an extreme value zone. He noted that the token has lost 98.73% of its all-time high above $21.
For a bullish change of character, TIA needs to close and hold above $0.63 according to the analysis. A close below $0.20 would negate the bullish pattern and act as key support.
Another expert, Ari Zaim, stated TIA is consolidating near descending channel resistance. The analyst noted that consolidation is almost complete.
CoinGlass data shows futures volume dropped 33.19% to $44.07 million, while open interest rose 2.73%. The funding rate suggests traders maintain a slight preference for long positions.
Technical indicators like the RSI at 36.69 and a negative MACD reflect continued market weakness. This data shows no immediate signs of a trend reversal for the asset.
