Celestia (TIA) Price Drops 90% After Failed Resistance and Token Unlocks

Celestia (TIA) experienced a significant price decline, falling to $1.62 after failing to breach the $2.16 resistance level. This drop represents a 90% decrease from its peak earlier in 2024, primarily driven by aggressive token unlocks that have exerted sustained selling pressure on the market.

The failed resistance breakout indicates that bullish momentum was insufficient to push the price higher, possibly signaling weak buying interest at higher levels. The token unlocks have likely flooded the market with additional sell-side volume, compounding downward pressure and making recovery more difficult.

Such substantial declines following a failed breakout and token unlock events suggest a bearish short to medium-term outlook, as investors may remain cautious or hesitant to buy in at current levels. It’s critical to analyze whether fundamental developments or broader market sentiment support a potential reversal or continued downtrend.

Investors should consider these factors carefully before making trading decisions. Monitoring upcoming resistance levels, token unlock schedules, and overall market conditions will be key for assessing future price directions of Celestia (TIA). A cautious approach may be prudent until clearer signs of stabilization or recovery emerge.