TIA slides more than 13% as rising adoption fails to halt broader crypto selling
Celestia (TIA) dropped 13.21% as ongoing developer adoption and technical achievements failed to offset broader selling pressure. The decline is reinforced by the asset's position below all key moving averages, pointing to persistent downside momentum.
Highlights
- Celestia adoption is increasing as developers use its modular blockchain data availability layer for rollups and app chains post-2023 launch.
- Voyager achieved a throughput milestone of over 21 million transactions per second, with usage and technology advancing even as price action lags.
- TIA/USD trades below key moving averages, with momentum indicators negative and an 80% probability of moving down toward a $0.3172 to $0.4174 five-day range.
Broader market pressure limits gains despite usage growth and record TPS
Celestia has seen rising adoption as a modular blockchain data availability layer, as developers implemented its infrastructure for rollups and app chains after its late 2023 launch. The project reached a milestone with Voyager surpassing 21 million TPS. Recent reports indicated progress in usage and technology, though price action has remained under broader selling pressure.
All-timeframe bearish momentum as price trades below support levels
TIA/USD is trading below the 20-day ($0.4616), 50-day ($0.5035), and 200-day ($0.4053) moving averages, reflecting sustained downward pressure across all timeframes. Support is at $0.3664 (today’s low), while resistance stands at $0.3797 (week low). Momentum indicators, including MACD and ADX, signal strong selling pressures, and trend strength remains negative. Oscillators such as the RSI, Stochastic RSI, and CCI are all in their neutral zones, suggesting that immediate overbought or oversold risks are absent. Bull/Bear Power (BBP) is positive intraday, pointing to some buyer activity, but this is outweighed by the dominant bearish structure. Sellers controlled the session following a downside gap, and volatility reached 5.19%.
Earlier, analysts noted that Celestia was facing persistent bearish momentum despite advances in its technical capabilities and scalability. The latest data reinforce this negative outlook, with the prevailing scenario now calling for traders to closely monitor downside risks associated with any move below the $0.3172 support level.