Celestia (TIA) Braces for Price Drop Ahead of $1 Billion Token Unlock😳: Could TIA Drop Below $4?
In just 10 days, Celestia (TIA) will unlock 80.77% of its supply, valued at over $1 billion, sparking fears of a sell-off that could drive prices down. With the altcoin already showing signs of volatility, traders are closely watching for major price swings before the event.
As one of the largest unlocks in Celestia's history approaches, the altcoin’s price, currently at $5.95, faces potential turbulence. The Chaikin Money Flow (CMF) indicator signals a bearish trend, suggesting TIA could fall below $5 in the coming days.
Technical analysis points to a head and shoulders pattern on the TIA chart, hinting at a possible bearish reversal. If the price drops below the key $4.73 support level, TIA could plunge to $3.87. However, if bulls step in, the token might rally to $7.30 or even $10.40 post-unlock.
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