CandleFocus TIA Token Faces Price Drop Amid Celestia’s Shwap Upgrade Launch
2024-10-16
Author: Content Editor
The TIA token has experienced a significant price drop of over 9.52% in the past 24 hours, despite the recent launch of Shwap, Celestia's first data availability network upgrade. Shwap aims to improve data availability by increasing sampling speed and reducing storage needs. However, analysts predict increased selling pressure for TIA by the end of October, as a large number of tokens are set to be unlocked. This could lead to increased volatility in the market. In terms of technical analysis, TIA is currently in a bearish trend, but the asset is in a relatively strong position according to the RSI reading.
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