Celestia drops 7% after Bitwise ETP launch amid token sell pressure

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Celestia drops 7.12% to $1.069 today

Highlights

Celestia (TIA) trades at $1.069, remaining below its MA-20, MA-50, and MA-200, confirming pronounced downside pressure across all timeframes.
Bitwise Europe launched the Bitwise Celestia Staking ETP on Euronext Paris, enabling institutional access to TIA staking while recent token unlocks and fund movements increase volatility.
Persistent bearish momentum is underscored as TIA drops 7.12% today, with sellers dominating and a high probability of further decline below $0.9850 in the coming week.

Elevated volatility as new ETP launch meets increased token selling

Bitwise Europe has launched the Bitwise Celestia Staking ETP on Euronext Paris, offering institutional investors access to TIA staking rewards and reflecting greater interest in Celestia’s proof-of-stake and modular blockchain technology. The recent rollout comes amid notable token unlocks and selling activity, which have increased market supply and contributed to volatility. Additionally, large-scale fund movements and heightened developer activity continue to shape sentiment around TIA’s role in modular blockchain infrastructure.

Bearish momentum prevails as mixed signals reinforce selling pressure

Momentum signals on the daily chart appear mixed, with a strong ADX suggesting solid directional movement while MACD, RSI, CCI, and Awesome Oscillator all point to persistent bearish momentum. Oversold signals on short-term oscillators like Stoch RSI and CCI contrast with a lack of strong reversal from daily RSI. Sellers dominate, supported by negative BBP, and today’s session shows a drop of 7.12% following a gap down at the open. The current price hovers near today’s low, with volatility appearing moderate and clear weakness since the open. The overall tone leans bearish, as intraday performance and oscillators collectively support continued selling, despite pockets of short-term oversold readings.

Prolonged weakness likely as upside probability remains minimal

For the next five trading days, the expected price range is between $0.9850 and $1.0950. Probability of a price increase is very low (less than 20%), while a further decline is much more likely. The baseline scenario sees TIA consolidating in a sideways channel near recent lows. The bullish scenario requires a decisive move above resistance, especially breaking through $1.10, which appears unlikely in the current setup. The bearish outcome could be realized if TIA drops below support at $0.9850, potentially extending weakness given the persistent downtrend signaled on both daily and weekly timeframes.

Viktoras Karapetjanc, expert at Traders Union, sees Celestia (TIA) under sustained pressure, with prices consolidating near recent lows and sellers largely in control despite pockets of oversold signals. He notes that while the launch of Bitwise’s Celestia Staking ETP reflects growing institutional interest and validates TIA’s role in modular blockchain infrastructure, short-term sentiment remains cautious due to increased token supply and persistent bearish momentum across technical indicators. Karapetjanc remains constructive longer term and believes that institutional adoption could drive renewed optimism, but in the immediate term sees odds favoring consolidation or further downside unless key resistance at $1.10 is reclaimed. "With institutional interest building, TIA could eventually regain traction, but for now, I expect it to consolidate in a sideways range with a bias toward further testing of support," he says.

Previously it was noted that protocol upgrades and token unlocks contributed to downside pressure as broader sentiment turned bearish. The article highlighted that momentum readings show a bearish tilt amid strong supply risk and volatile market conditions.

Source of Data: TIA Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.