🌟📉 Celestia: Can Growth in TIA’s Active Users Halt Its Decline to $3.7?

📉 Celestia Faces 12% Monthly Decline
Over the past month, Celestia ( $TIA ) has dropped over 12%, with an additional 6.60% decline recently as bearish momentum builds. AMBCrypto warns that further declines may be on the horizon.

📊 Active Users Surge but Price Declines
TIA’s active users on the Celestial blockchain have surged, reaching 62,650, making it the second most active IBC-enabled chain. Despite this growth, TIA’s price has fallen, with its market cap dropping by 6.29% to $2.14 billion and trading volume plunging 48.69%, reflecting weak market sentiment.

🐻 Bears Dominate the Market
Bearish sentiment persists, with Open Interest in futures contracts dropping by 7.33% to $238.65 million. The Long-to-Short ratio of 0.8328 shows a dominance of shorts, and long liquidations totaling $941K have added to the downward pressure.

⚠️ TIA Risks Falling to $3.7 or Lower
Since June, TIA has traded within a consolidation range. With the current bearish trend, TIA could test support at $3.7. If selling pressure intensifies, the asset risks a further drop to $2.2, emphasizing the need for cautious trading.