Celestia(TIA)pricefacessignificantchallengesinthecomingdaysasmultiplefactorsaligntoinfluenceitsmovement.Theupcomingtokenunlockevent,whichwillintroduceasubstantialamountofnewsupply,couldheightensellingpressureandaddvolatility.
RecentRSImovementsindicateaslightimprovementinmarketmomentum,buttheindicatorremainsclosetooversoldterritory.Additionally,theEMAlinescontinuetosignalabearishtrend,suggestingthatthepricecouldfaceresistanceinanyupwardmoveamidsttheloomingsupplyincrease.
TIATokenUnlockCouldImpactItsPriceInTheNextFewDays
ThisweekmarksasignificantshiftforTIA,with73.3%ofitscirculatingsupplysettoenterthemarket.OnOctober30,175millionTIAtokens,valuedatapproximately$859millionatcurrentprices,willbeunlocked.
Followingthissubstantialrelease,TIAwillcontinueadailyunlockofabout950,000tokens,steadilyexpandingitscirculatingsupplyovertime.
TIATokenUnlocks.Source:DeFiLlama
GivenTIA’stotalsupplyof1billiontokens,theupcomingreleaseof175milliontokensrepresentsamassiveincrease,about17.5%ofthetotalsupply.ThissuddeninfluxcouldsignificantlyimpactTIAprice,especiallyintheshortterm.
Alargeincreaseinsupplywithoutacorrespondingriseindemandcouldleadtoincreasedsellingpressure,asrecipientsoftheunlockedtokensmaychoosetosell.Suchascenariomightresultinapricedropasthemarketabsorbsthissuddenincreaseincirculatingtokens.
CelestiaRSIIsBackFromOversold
TIA’sRelativeStrengthIndex(RSI)hasrisento31.79from29justadayago,indicatingaslightshiftinmarketmomentum.Thisrecentincreaseshowsthatsomebuyingactivityhasoccurred,reducingthedownwardpressureandsignalingapotentialstabilization.
Celestia(TIA)RelativeStrengthIndex.Source:TradingView
RSIisamomentumoscillatorthatrangesfrom0to100andisusedtogaugewhetheranassetisoverboughtoroversold.Typically,anRSIbelow30indicatesanoversoldcondition,whileabove70suggestsanoverboughtone.ThecurrentTIARSIof31.79,whilestillnearoversoldterritory,meansthatsellingpressuremayhaveeasedslightly.
Giventheupcomingtokenunlock,when175millionTIAtokenswillenterthemarket,thisincreaseinsupplycouldpushRSIbackintooversoldlevels.Theinfluxoftokensmightleadtoheightenedsellingpressure,furthernegativelyimpactingprice.
TIAPricePrediction:APotential24%CorrectionAhead?
Currently,theTIApriceistradingbelowallfourEMAs,indicatingbearishmomentum.ThecrossoveroftheshorterEMAsbelowthelongerEMAsshowsastrengtheningdownwardtrend.
TheseparationbetweentheEMAsfurthersuggeststhatbearishpressureisgrowing,andtherehasbeenlittleevidenceofareversalattemptsofar.
Celestia(TIA)EMAPriceLines.Source:TradingView
Thebluelinesabovethecurrentpriceindicateresistancelevelsaround$5.73,$6.50,and$6.89,whicharesignificanthurdlesforthepricetoovercomeinanybullishmove.
Onthedownside,immediatesupportlevelsaremarkedinredat$4.68and$4.47.IfsellingpressurecontinuesandtheTIAunlocksdrivethepricedown,TIAcouldfallbackto$3.72.Thatwouldrepresentapotential24%pricecorrection.
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