CandleFocus Celestia (TIA) Price Gains Ground: What to Expect Next?
2024-09-14
Author: Content Editor
The price of Celestia (TIA) cryptocurrency has risen by over 6% in the last 24 hours, breaking a streak of consecutive falls and continuing a positive trend. The price has been contained within a falling wedge pattern and has found support at the $4 level. The recent drop in price is attributed to an upcoming token unlock event, where over 174 million tokens will be released into circulation. This may affect staking rewards, which currently sit at 9.96%. The price of TIA has faced a significant decline of over 60% in the past three months, with $5 being a key resistance level for bulls to overcome. The daily chart shows a bearish outlook, but there are signs of optimism as the token has gained over 6% intraday. Derivatives data indicates long buildup activity and a bullish sentiment among traders and investors. The immediate support levels are $4.20 and $3.80, while the resistance levels are $5 and $5.30.
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