CandleFocus Celestia (TIA) Price Enters Critical Phase Ahead of $1 Billion Token Unlock
2024-10-20
Author: Content Editor
Modular blockchain project Celestia (TIA) is set to release 80.77% of its circulating supply, worth $1.05 billion, in 10 days. This has raised concerns about potential selling pressure and its impact on TIA's price. The altcoin has already experienced volatile price swings and is expected to face significant volatility leading up to the token release. The Chaikin Money Flow indicator suggests that TIA's price may drop below $5. The TIA/USD chart also indicates a head and shoulders pattern, which signals a potential reversal in price. If the price falls below the neckline at $4.73, it could sink to $3.87, but if it stays above that level, it could surge to $7.30 and potentially even reach $10.40 after the token release.
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