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.
Source: Read the original article


