The post Tough times for Celestia! Will bears drive TIA to $1? appeared on BitcoinEthereumNews.com.

TIA saw increased short selling, signaling that bearish sentiment was prevalent. The 1-day price action also reflected a steady downtrend, and a move below $1.31 would reinforce the bearishness. Celestia [TIA] had a bearish outlook for both the short and long term. Since the trading session opened on the 30th of June, the altcoin has shed 12%. It appeared likely to head toward $1.2 or toward $1, the psychological round number support. Source: Coinalyze Data from Coinalyze showed that over the past couple of days, the Open Interest had periods where it surged higher while Celestia prices were falling. This was indicative of short selling. Moreover, over the past 24 hours, the Funding Rate dropped into negative territory. At the time of writing, it has climbed back above zero. The negative Funding Rates showed that short positions were paying longs on the 30th of June, a sign that the overall market sentiment was bearish. The spot CVD has also been in decline, underlining increased selling volume. Celestia spirals lower Source: TIA/USDT on TradingView The 1-day chart showed that the bearish pressure over the past few days was not an isolated phenomenon. TIA has been falling lower since mid-May. The A/D indicator has followed the price’s downtrend, showcasing persistent selling volume. The CMF corroborated this finding. Over the past month, its reading has been consistently below -0.05, which signaled sizeable capital outflow from the TIA market. The moving averages also agreed that the momentum was firmly bearish. Examining the price action, the local low at $1.31 was likely to be broken soon. If this occurred, it would mark a bearish market structure break, an indication to traders that the downtrend was continuing. Source: CoinGlass The 1-month liquidation heatmap offered TIA bulls some hope. The $1.27-$1.33 zone had a liquidity cluster that…

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Filed under: News - @ July 2, 2025 4:25 am