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Celestia [TIA] Hits $9.6, But Uncertainty Lingers About Next Moves
The cryptocurrency market is known for its unpredictability, and the recent price action of Celestia [TIA] is no exception. With a current trading value of $9.6, investors are left wondering what the future holds for this asset.
While the asset remains within a bullish structure, technical indicators suggest that TIA may not be entirely out of the woods just yet. As it stands, the price action appears to be stuck in a precarious position, making it challenging to accurately predict its next move.
On-chain metrics present mixed signals, with some indicating bearish pressure while others suggest otherwise. For instance, the Funding Rate remains firmly in bullish territory, which could support future gains for TIA. However, this is offset by Open Interest and long liquidations, which have been trending downward over recent hours.
It appears that TIA has encountered a critical crossroads. A failure to maintain its current momentum would likely result in further declines, potentially even below the $6.629 support level. Conversely, if the asset can regain some footing, we could be looking at a significant upswing.
For now, investors will have to remain vigilant and closely follow market developments for any sign of direction.
Source: ambcrypto.com
