TIA Crypto is in Strong Consolidation Zone, What’s Coming Ahead?

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  • In the last 24 hours, the trading price of TIA crypto has advanced by 1.5%
  • The Celestia crypto price has advanced by 495% from its all-time low price.
Source: Coingecko

Celestia is a modular data availability network that enables anyone to create their own blockchain. $TIA is its native token, used for data fees, rollup bootstrapping, staking, and governance. Celestia solves the data availability problem with sampling and decouples execution from consensus.

The current market cap dominance of Celestia crypto is 0.102% and the volume/market cap ratio of the crypto is 0.0797. Also, the market cap rank of the crypto is 50th as per Coingecko.

The circulating supply of the Celestia is 153.536M TIA and the max supply of the crypto is undefined. Moreover, the trading volume of the crypto has declined by 22.0% in the last 24 hours, resulting in a traded volume of $178.455M.

The total supply of the Celestia crypto is 1.012B TIA, resulting in a fully diluted market cap of $12.699B. The market cap of the crypto is $1.92B and the volume ranking of the crypto is 58 followed by the last 24 hours.

Celestia Derivatives Analysis

TIA Crypto is in Strong Consolidation Zone, What’s Coming Ahead?
Source: Coinglass

The Celestia crypto has witnessed a huge long liquidation of $588.63K and the total liquidation in the last 24 hours is $725.89K. The open interest of the TIA crypto is worth $158.45M witnessing an advance of 3.7%. Despite this, the derivative trading volume of the crypto has declined by 16.22%.

TIA Crypto Technical Analysis

TIA Crypto is in Strong Consolidation Zone, What’s Coming Ahead?
Source: TIA/USD Chart By Tradingview

TIA crypto surged 500% from lows but now consolidates in a tight range, signaling a temporary pause. Investors watch for breakout signals, suggesting a reassessment of rapid gains. Traders monitor key levels for the next significant price move.

TIA/USD Chart by TradingView

The TIA crypto is trading in a golden cross of the 50-day and the 200-day EMAs, but the crypto price has declined below the 50-day EMA. If the price of the TIA crypto regains above the 50-day EMA, the advance in the price might continue to advance to higher levels.

The MACD is giving a sell signal on the charts as the MACD and the signal line have declined below the zero level. It is building up a bearish histogram on the charts which indicates the dominance of sellers.

Conclusion 

TIA crypto price is in a consolidation zone after a 500% surge from lows. The crypto has high market cap and demand, but low volume and open interest. Celestia is a modular data availability network with $TIA as its token. Its price faces resistance and support levels. Therefore, one must wait for the TIA token price to break above or below the consolidation zone.

Technical Levels

Support Levels: $7.500 and $10.490

Resistance levels:$15.00 and $18.00

Disclaimer

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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