Celestia (TIA) Inverts After Stellar Week, What’s Next?
As of Thursday afternoon, the price of Celestia (TIA) was down 10% in the last 24 hours. As it trades to $5.68, a decline from the November 15 high of $6.40 threatens to drop to $5.00 or below.
Celestia ( TIA ) stock fell 10% Thursday afternoon, retreating from a Nov. 15 high of $6.40 to trade at $5.68. It has increased 130% on the weekly chart.
But after its stellar performance that drew fire from its listing on global crypto exchange Binance, is Celestia a reason to breathe? Or are the oxen not yet made?
What is Celestia?
Celestia is a modular blockchain network whose technology has fueled much of the optimism currently filling Generation Token. The network removes layers of mutual understanding and application execution, streamlining the blockchain technology stack to unlock the developer possibilities available to decentralized application builders.
Since Celestia recently launched its main network, it could be an industry heavyweight arbitrageur or a close competitor in terms of users and other network metrics.
According to MintScan, Celestia has processed just under 520,000 transactions and has 166 validators, with 100 active.
Celestia Price View – What's Next for $TIA?
Speculation: $TIA price rises after Binance listing. TIA is also on OKX, while Bitgate was one of the first to list this token.
Celestia TIA Price Chart Source: TradingView
However, as the volatility around the token sees a significant dip, the bulls can count on psychological support at $5.50 and $5.00 before trying to re-establish control.
If this happens amid a broader market, the $TIA price could target the $10 level by the end of the year.
Bull market conditions and price discovery for advanced network development for cryptocurrency will drive up the token price. On the upside, a break below $5.00 could welcome a retest around $4.00 and possibly around $3.25.
