【Why Celestia (TIA) May Struggle to Stay Above $5 After Unlocking $890 Million】
After this TIA token unlock, the circulating supply will reach 80% of the total, which may bring significant selling pressure, leading to increased price volatility. The unlock value is approximately $890 million, and the market expects selling pressure to increase the downside risk for TIA. Over the past seven days, TIA has dropped 14%, while trading volume has risen to $183.73 million, indicating increased participation but rising selling pressure.
OTC platform STIX founder Taran Sabharwal pointed out that some unlocked tokens have been sold through OTC transactions, reducing direct market selling pressure. If many short positions continue to decrease, this capital reset may have a positive effect on the spot market.
As of now, TIA is priced at $5.05, below the 20-day and 50-day EMA, indicating a bearish advantage. If selling pressure continues, the price may drop to $4.57 or $3.72; conversely, if the funding rate resets, it may rebound to $6.16.
