Celestia (TIA) Plummets to 7-Month Low as Price Struggles to Bounce

BE[IN]CRYPTO06-25

Celestia’s value has dipped by almost 30% in the past 30 days. The price decline has caused its futures traders to exit the market without opening new positions. If the decline continues, the coin’s...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCelestia (TIA) Plummets to 7-Month Low as Price Struggles to Bounce\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-06-25 21:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/celestia-plummets-to-seven-month-low/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Celestia’s value has dipped by almost 30% in the past 30 days. \nThe price decline has caused its futures traders to exit the market without opening new positions. \nIf the decline continues, the coin’s...</p>\n\n<a href=\"https://beincrypto.com/celestia-plummets-to-seven-month-low/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SAR","symbol_name":"Saratoga Investment Corp","start_time":0,"source_url":"https://beincrypto.com/celestia-plummets-to-seven-month-low/","article_id":"2446842596","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2023/12/bic_Celestia_TIA-covers_bullish-850x478.jpg.optimal.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2446842596","pubTimestamp":1719323100,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"Celestia’s value has dipped by almost 30% in the past 30 days.The price decline has caused its futures traders to exit the market without opening new positions.If the decline continues, the coin’s value will drop to the $5 territory.The value of TIA, the native token of Celestia, a modular blockchain network, has fallen to a price level last observed in November 2023.As of this writing, the altcoin exchanges hands at $6.82, having shed almost 30% of its value in the past 30 days.The fall in Celestia’s value has resulted in a corresponding decline in activity in its futures market.At $81.20 million as of this writing, the coin’s futures open interest has decreased by 37% since the beginning of the month.On a year-to-date  basis, the altcoin’s futures open interest has plunged by 44%. At its current level, TIA’s futures open interest is at its lowest since November 11, 2023.An asset’s futures open interest is the total number of outstanding futures contracts that have not been settled or","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SAR":"Saratoga Investment Corp","BK4135":"资产管理与托管银行"},"translate_title":"由于价格难以反弹，Celestia(TIA)暴跌至7个月低点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SAR":1},"content_text":"Celestia’s value has dipped by almost 30% in the past 30 days. \nThe price decline has caused its futures traders to exit the market without opening new positions. \nIf the decline continues, the coin’s value will drop to the $5 territory.\n\nThe value of TIA, the native token of Celestia, a modular blockchain network, has fallen to a price level last observed in November 2023. \nAs of this writing, the altcoin exchanges hands at $6.82, having shed almost 30% of its value in the past 30 days. \nCelestia Traders Look Elsewhere\nThe fall in Celestia’s value has resulted in a corresponding decline in activity in its futures market. At $81.20 million as of this writing, the coin’s futures open interest has decreased by 37% since the beginning of the month. \nCelestia Open Interest. Source: Coinglass\nOn a year-to-date (YTD) basis, the altcoin’s futures open interest has plunged by 44%. At its current level, TIA’s futures open interest is at its lowest since November 11, 2023.\nAn asset’s futures open interest is the total number of outstanding futures contracts that have not been settled or closed. \nWhen it falls, traders are closing their positions without opening new ones. This is often a bearish signal that hints at reduced market activity and confirms the possibility of a further price decline. \nThe coin’s double-digit devaluation since June began has led to a series of long liquidations. This is because most of its derivatives traders continue to demand long positions despite TIA’s price decline. \nRead More: Top 10 Aspiring Crypto Coins for 2024\nCelestia Total Liquidations. Source: Coinglass\nHowever, their positions are forcefully closed as the coin’s price touches new lows.  Trades are liquidated when a trader’s position is forcefully closed due to insufficient funds to maintain it. \nLong liquidations happen when an asset’s value drops unexpectedly, forcing traders with open positions in favor of a price rally to exit. \nTIA Price Prediction: Fall Under $6 Imminent?\nTIA’s negative Elder-Ray Index confirms the bearish sentiment that currently trails the altcoin. At press time, this indicator’s value is -0.55. For context, it has returned only negative values since June 6.\nThis indicator measures the relationship between the strength of buyers and sellers in the market. When its value is negative, bear power dominates the market. \nFurther, the setup of TIA’s Parabolic Stop and Reverse (SAR) indicator lends credence to the position above. The dots that make up the indicator are above its price. \nCelestia Analysis. Source: TradingView\nThis indicator determines the direction of an asset’s price and identifies potential reversal points. When its dots rest above an asset’s price, the market is said to be in decline. \nMarket participants interpret this as a signal that the price will continue falling, and they should hold short positions or enter new ones.\nIf TIA’s price continues on its downtrend, its value may fall under $6 to trade at $5.77.\nCelestia Analysis. Source: TradingView\nHowever, if the bulls initiate a rebound, the above projection will be invalidated, and the coin’s price will climb toward $7.18.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2446842596"}