Celestia (TIA) Token Market Cap Surged 14%, with High Liquidity and Increased Trading Volume

TIA has witnessed huge engagements over the last 24 hours which has resulted in a traded value of $129.738 Million. This was followed by a 54% surge

Celestia (TIA) token has witnessed a surge in trading activity over the last 24 hours, with a 54% increase in trading volume. This activity resulted in a total traded value of $129.738 Million, contributing to a 14% rise in the token’s market cap, which now stands at $1.165 Billion.

The fully diluted market cap of the token is valued at $6.281 Billion, while the volume/market cap ratio reflects high liquidity at 11.10%. However, it's important to note that the token does not have a Total Value Locked (TVL).

Over this period, the token has experienced inflows of $2.97 Million and raised a total of $1.5 Million. The fear and greed for the token further is at 28 which denotes fear among the investors. The sentiment of the token further is bullish while the price volatility of the token is high resulting in 18.34%.

Celestia Token Derivatives Analysis

Surging by 56%, the derivatives data of TIA shows a remarkable increase in the trading volume of the token. This further resulted in a traded value of $408.10 Million in derivative contracts. The open interest of the token has also advanced by 29% which further results in $106.73 Million.

The recorded long liquidation of the token is lower than the shorts liquidated in the token over the last 24 hours from the press time. This behavior of the data shows bulls dominance over the price.

TIA Token Technical Analysis

The technical analysis of TIA on a falling wedge pattern reveals lower low swings followed by lower highs, highlighting a bearish trend over time.

Over the last five months, TIA experienced significant profit booking, marked by bearish candlesticks on the daily chart, increasing the likelihood of continued price decline. The persistent downward pressure contributes to the overall bearish sentiment.

TIA/USD Chart by TradingView

The token has declined below the 20, 50, and 200-day EMAs, forming a death cross. This bearish formation indicates a consistent downtrend, as the token’s price decreased steadily with the declining EMA values.

The MACD and signal line have overlapped, both trading in negative territory. This overlap reflects underlying weakness and heightened volatility in TIA’s price action.

Moreover, the RSI has persistently remained below the 30 level, indicating strong bearish momentum. The RSI further declined below the 14-day SMA on the daily chart, reinforcing the negative sentiment.

Celestia (TIA) token’s market cap surged 14%, with high liquidity and increased trading volume. Despite the bullish sentiment, technical analysis shows bearish trends, with the price consistently declining below key EMAs and indicators signaling weakness.

The dominance of short liquidations suggests a potential for buyer takeover, but uncertainty remains high. The support levels for the TIA token are $1.500 and $2.10. Additionally, the token price might find resistance at the $8.20 and $11.90 levels.

This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

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