Celestia (TIA) Fails to Break Resistance and Falls to $1.62 Amid Selling Pressure

Celestia (TIA) has declined to $1.62, experiencing a 2.35% decrease today after an unsuccessful attempt to break through resistance at $2.16, which has initiated a selling wave. Despite the Foundation's significant purchase of $62.5 million worth of tokens and the upcoming Lotus upgrade intended to cut inflation by a third, the price has not managed to sustain the breakout above $2.16. This indicates strong resistance at that level and potential investor caution or profit-taking following the failed attempt. The recent price action suggests that market enthusiasm might be waning despite positive fundamentals like token accumulation and protocol upgrades. Investors should watch whether support levels around $1.62 hold or if further decline should be anticipated, possibly testing lower support zones. The overall sentiment appears cautious, with technical hurdles limiting upward momentum at this stage.