Celestia Drops 10% in 24 Hours Amid Market Volatility

Celestia (TIA) is currently under significant downside pressure, with its price experiencing double-digit losses and trading around $1.42. This decline has erased recent gains, as the altcoin faces heightened bearish pressure. The token's price has dropped sharply over the past 24 hours, falling below the $1.50 level after trading as high as $1.70 earlier in the week. This marks a 10% drop on the day, and over the past week, TIA has lost more than 14%. Over the past month, the token is down over 45%.

The sustained losses have dragged Celestia’s market capitalization below the $1 billion mark, with its current valuation standing at approximately $982 million. The latest downturn follows a brief surge in the past week, which saw bulls retest the $1.70 level. However, the altcoin remained largely in a downtrend, with rejections at key levels painting a descending channel for the token. As of Friday, June 27, 2025, Celestia is among the top losers in the largest 100 coins by market cap over the past 24 hours.

Market volatility amid recent escalations in geopolitical tensions, tariffs concerns, and broader jitters around the global economy have seen many risk assets plummet. TIA is following this trajectory and could hit new multi-month lows if bulls fail to keep prices above $1.40. Technical indicators for TIA suggest a bearish outlook, with both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) signaling downward pressure. However, TIA’s RSI is nearing oversold territory, which could indicate a potential buying opportunity if sentiment shifts. A pickup in bullish momentum would be necessary to support a sustained recovery from current levels.

The MACD indicates a bearish crossover, reflecting the ongoing downward trend. However, a reversal could see TIA price stabilize above key support levels and allow bulls to target recovery to above $2. This means a flip for TIA within the descending channel. In any case, dipping below the mid-level of the channel is bad news for buyers. As the chart shows, the price currently hovers near this mid-line. Bears have already shown teeth by revisiting it following a brief uptick on June 24 and 25. Nonetheless, above it offers a potential upward consolidation, with a breakout above the resistance line. Plenty of targets lie above the channel’s upper boundary, with the next level above the psychological $3 being $3.30 and then $4.49.

Despite the current bearish sentiment, crypto analysts remain largely bullish on an altcoin season. The view of the analysts is supported by key metrics suggesting that many alts could soon go parabolic. However, for Celestia, the immediate outlook remains challenging, with the token facing significant resistance levels and the potential for further declines if support at $1.40 is breached. Investors will be closely watching for any signs of a reversal in the downward trend, as well as any developments that could impact the broader altcoin market.