Celestia
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Information about Celestia (TIA)
Celestia is the first Modular Blockchain that allows other Blockchains to link to use the consensus mechanism as well as the data available, thereby increasing the speed and improving the performance of the attached blockchains. Celestia enables the next generation of scalable blockchain architectures - modular blockchains. Celestia scales by decoupling execution from consensus and introducing a new primitive, data availability sampling.
Celestia's products:
- Ring Signatures: Electronic signatures that allow the sender to conceal their identity from others in a group.
- Stealth Addresses: The feature creates a layer of anonymity between your public address and the Celestia you own.
- Ring Confidential Transactions: Ring CT technology allows the amount sent for a transaction to be hidden while maintaining the network’s ability to verify transaction value.
TIA is a native coin of the Celestia ecosystem, operating on Celestia and can be used to:
- Bootstrapping new rollups
- Paying for blobspace
- Staking rewards
- Decentralized governance
Specifications
- Name: Celestia
- Symbol: TIA
- Platform: Celestia
- Type: Utility, Governance
- Token Supply: 1,000,000,000 TIA
News
Celestia (TIA) lost nearly 30% in value due to bearish market conditions, leading to record outflows from holders. Panic selling has been rampant among investors.
Currently priced at 2.62 USD, TIA must hold the support level of 2.53 USD to potentially rebound to 2.99 USD. The Chaikin Money Flow suggests renewed interest from new investors.
Celestia (TIA) could see a substantial rally of 184% to about $9.8 based on market conditions, driven by recent accumulation despite previous sell-offs.
While U.S. Investors sold $591,200 in TIA, others accumulated approximately $9.98 million worth, suggesting a positive trend for the cryptocurrency.
Technical analysis indicates TIA is in a ‘cup and handle’ pattern, needing to exceed the resistance level of $3.25 to target $9.28 in the near future.
Celestia has formed a Death Cross, signaling further downside risks for TIA as it strives for recovery. Despite a partial gain of 12% after an 18% drop, market conditions indicate resistance continues, especially with the current Relative Strength Index falling below 50.
To alter the bearish trajectory, TIA must break the $5.56 resistance while holding above a crucial support level at $5.03. Success in these areas could pave the way for a rally toward $6.27, shifting investor sentiment positively.
Celestia has experienced a sharp 15% drop in price within 24 hours, making it vulnerable to further drops. Key technical indicators include a death cross and a rising Average Directional Index (ADX), highlighting strong bearish momentum. Maintaining support above 4.54 USD is crucial to prevent further downturns.
If Celestia breaks support at 4.54 USD, the price could decline to 4.10 USD. However, recovering and moving above 5.50 USD could signal a potential trend change, indicating a shift in market sentiment from bearish to bullish. Despite the possibility of recovery, current market sentiment remains negative with selling pressure.
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