Celestia’s TIA forms lower lows with no rebound in sight | Credit: Hameem Sarwar
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Key Takeaways
Celestia’s price reached a new all-time low on June 22, triggering a collapse to $1.32 before a weak bounce.
Despite a positive funding rate, the bearish divergence shows that a further TIA price decline may follow.
TIA remains locked in a descending channel, signaling seller dominance and likely retest of $1 support.
TIA, Celestia’s native cryptocurrency, plunged to an all-time low during the late trading hours of Sunday, June 22. This development, which saw TIA’s price drop by 45% in the last 30 days, seems to have rattled investors who once bet on the promise of the modular blockchain project.
As of this writing, the selloff has yet to encounter meaningful buying pressure, raising fears of extended decline. Thinning liquidity and fading market interest are some of the reasons for the token’s decline.
But it goes beyond that. In this analysis, CCN reveals how the Celestia crypto was nuked to this point and whether there is a bounce ahead.
Celestia Hits Rock Bottom
Earlier in May, we reported how TIA experienced a breakout after Upbit listed it. At that time, the altcoin breached the upper trendline of a descending channel.
TIA’s price also showed readiness to trade higher during that period. But as of this writing, things have changed.
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According to the daily chart, TIA’s price has broken below the horizontal support line of a descending triangle — a clear indication that bulls failed to defend the critical $2.24 level.
As a result, TIA plunged to an all-time low of $1.32 before experiencing a modest recovery to $1.41 at press time. While this bounce may have offered temporary relief, the trend remains fragile.
For instance, the Moving Average Convergence Divergence (MACD) shows a bearish crossover. This crossover, alongside the negative MACD reading, indicates bearish momentum.
If sustained, TIA’s price might fail to break above the triangle’s upper trendline and trade further lower.
Recovery Odds Look Worse
Amid the selling pressure the cryptocurrency experienced in the spot market, activity on the derivatives side tells a different story.
For context, emerging trends with the funding rate and trader positioning may offer early clues about what comes next for the altcoin’s price.
Based on Santiment’s data, TIA’s funding rate remains positive, indicating that long positions (buyers) currently outnumber shorts (sellers).
However, despite this optimistic positioning, TIA’s price continues to decline, suggesting that longs are being punished rather than rewarded.
TIA Funding Rate | Credit: Santiment
If it continues, this bearish divergence between sentiment and price action could lead to a further downturn.
TIA Price Prediction: Market Loses Faith
On the 4-hour chart, TIA shows little sign of an imminent rebound. Since May 23, the altcoin has been locked in a descending channel, consistently forming lower highs and lower lows.
Adding to the negative outlook, the Bull Bear Power (BBP) reading is firmly in the negative, signaling that sellers remain in control. The Average Directional Index (ADX), which has surged to 66.34, further confirms strong downward directional strength.
Due to this, TIA’s price is at risk of being re-established at its all-time low. The cryptocurrency could fall toward the $1 psychological support if the bearish momentum continues.
However, the trend could reverse if bulls manage to outpace bears and reclaim control. In that scenario, TIA could climb to $1.80, and if broader market conditions turn strongly bullish, a rally toward $2.61 — the 0.618 Fib level — may be on the table.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
