Celestia (TIA) Tests Critical Support at $1.65 After 12% Weekly Decline
The post Celestia (TIA) Tests Critical Support at $1.65 After 12% Weekly Decline appeared on BitcoinEthereumNews.com.
Lawrence Jengar Aug 31, 2025 09:07 TIA price drops to $1.65 (-1.14% today) as bears challenge key support levels despite recent Lotus upgrade and Kraken staking integration. Quick Take • TIA currently trading at $1.65 (-1.14% in 24h) • Celestia’s RSI at 45.64 signals neutral momentum with bearish undertones • Recent 12% decline overshadows positive Lotus upgrade and Kraken staking news What’s Driving Celestia Price Today? TIA price continues to face downward pressure following a significant 11.97% decline on August 28th that brought the token to $1.78. Today’s additional 1.14% drop to $1.65 suggests the selling pressure remains intact despite several positive developments in the Celestia ecosystem. The most recent catalyst affecting TIA price appears to be broader market weakness rather than project-specific factors. Despite Kraken’s introduction of bonded and flexible staking options for TIA on August 27th – typically a bullish development that increases token utility – the price action has remained subdued. The completion of Celestia’s Camp Mamo developer bootcamp on August 29th represents another positive milestone for ecosystem development, yet market participants seem to be overlooking these fundamental improvements in favor of technical price action. Most notably, the August 26th Lotus upgrade delivered significant technical enhancements including native TIA interoperability and a 33% reduction in inflation. However, the “buy the rumor, sell the news” phenomenon appears to be playing out, with TIA price declining despite these fundamentally positive changes. TIA Technical Analysis: Bearish Signals Emerge Celestia technical analysis reveals concerning momentum indicators across multiple timeframes. TIA RSI currently sits at 45.64, positioning the token in neutral territory but with a clear bearish bias as it approaches the oversold threshold. The MACD configuration paints an even more bearish picture for Celestia, with the main line at -0.0373 and the signal…
