Celestia drops 15% after Eden launch – But TIA’s recovery depends on…

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Celestia dropped 15% in 24 hours, its TIA token falling from $0.76 to $0.624 following the Eden launch on October 15. Over $2 million in long positions were liquidated, while Open Interest declined 23% to $136 million and Derivatives Volume fell 52% to $684 million. Trading volume plummeted 60%, reflecting significantly reduced market activity. Spot activity, however, shows signs of support with positive Delta at 3.9 million and negative net flows at -$2.3 million, indicating buyers stepping in. The RSI stands at 61 with a bearish crossover, and the $0.60 support level remains critical to defend to limit a pullback toward $0.52.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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