CandleFocus Celestia to release over 80% of circulating supply in ten days: what’s next for TIA price?
2024-10-21
Author: Content Editor
The cryptocurrency Celestia (TIA) experienced a 4% increase in value on Monday as Bitcoin approached $70,000. However, concerns have been raised about the upcoming release of over 80% of Celestia's circulating supply, which could lead to a significant price decline. The Chaikin Money Flow Indicator suggests a potential drop below $5 for TIA. Additionally, the altcoin has formed a head-shoulder pattern, indicating a potential trend reversal. If TIA's price falls below the pattern's neckline at $4.73, it could experience a 56% plunge to $3.87. On the other hand, if TIA remains stable above $4.73, it could climb to $7.30 before potentially reaching $10.40. The release of the tokens is expected to impact TIA's performance during and after the October rallies.
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