Celestia Faces Key $5 Support as 176M TIA Tokens Unlock
Celestia (TIA) is nearing a crucial $5 support level as 176 million tokens unlock, posing potential supply pressure. Key points:
1. TIA price dropped 20% from $6.24 to $5.03 in a week, largely due to bearish sentiment ahead of the token unlock.
2. Of the 176M tokens unlocking, only 92M are unstaked, reducing immediate sell pressure to around $469M.
3. 739M tokens remain staked at a 10.65% APR, encouraging holders to maintain positions, which limits sell-offs.
4. Key support is between $4.5 and $5. A break below $5 may lead to further declines, but holding this level could push the price to $6.5 (32% growth).
5. Despite the token unlock, a bullish shift is possible, supported by declining funding rates and positive market sentiment.
The unlock could trigger short-term volatility, but strong staking dynamics may prevent a significant drop below $5.
Follow for updates, analysis and news. thanks.
buy these and enjoy life. dyor
#BinanceBlockchainWeek #BTCBreak71K #TIATokenUnlock #USJoblessClaimsDip #Write2Earn!
