Celestia (TIA) Price Eyes Breakout, but Massive Token Unlock Approaches

Key Takeaways

• Celestia (TIA) faces a massive token unlock on Oct. 31.
• The TIA price trades under a short-term resistance trend line.
• Can the Celestia price break out and reach double digits?

Celestia faces a significant token unlock on Oct. 31. Despite this negative catalyst, the price has increased since September and reached key diagonal resistances in long—and short-time frames.

Will TIA break out, or will the token unlock present an obstacle, triggering a rejection? Let’s find out.

Mixed Celestia News

On Oct. 31, Celestia will undergo a massive cliff token unlock of slightly over 175 million TIA. This will increase the circulating supply by 82%. It is the largest unlock to date. After that, a more gradual 60% supply increase will follow in the next six months.

Token unlocks that increase the circulating supply by a large amount can dilute the supply, driving the price down.

Based on its market capitalization, TIA ranks 58, and with the added supply, it would rank 43 at the same price.

Despite this dilution in supply, cryptocurrency analysts on X give a bullish view of the future trend. Eliz883 believes that dumps are for buying.

CryptoPoseidon set a target of $10, suggesting that the upward movement will accelerate once the TIA price clears its moving averages. Cryptoknight has a similar target , though he draws his conclusion from horizontal levels.

TIA Price Reaches Resistance

The daily time frame chart shows that TIA has increased since falling to a low of $3.72 on Sept. 6. The upward movement caused a reclaim of the $4.60 horizontal support area, creating a higher low in October.

TIA has increased since and reached a descending resistance trend line on Oct. 14. After a failed breakout attempt (black icon), TIA is gearing up for another one.

If it is successful, the median resistance will be $7.50, but the main resistance area will be $11.80.

Technical indicators lean bullish but are not decisive in determining the trend’s direction. The Relative Strength Index (RSI) just bounced above 50 while the Moving Average Convergence/Divergence (MACD), is above 0 but trending downward.

Will Celestia Break Out?

The shorter-term six-hour TIA chart also gives a bullish outlook. It shows that after completing a five-wave increase, the price corrected and broke out from a descending resistance trend line. After doing so, TIA reclaimed the $5.60 horizontal resistance area.

After creating two higher lows (white icon), The Celestia price breaks out from another short-term descending resistance trend line.

If successful, this would likely cause a breakout from the longer-term resistance, taking the price to at least $7.50 and possibly $11.80.

The six-hour RSI and MACD both support this breakout. The indicators have generated hidden bullish divergence (green) and moved above 50 and 0, respectively. The MACD also made a bullish cross.

$7.50 Incoming

The TIA price shows bullish signs in the daily and six-hour time frames.

While the token unlocks on Oct. 31 is a bearish catalyst, a breakout from the short—and long-term resistances is still the most likely outlook.