Is Celestia Going to Zero? TIA Price Drops 6.8% as Latest Meme Coin Surges Past $4.5 Million Milestone

cryptonews.com:

Amidst the turbulent waves of the cryptocurrency market, a recent downturn has sparked concerns over the future of Celestia (TIA), with its price dipping by 6.8%. This decline stands in stark contrast to the coin’s recent performance; as of December 26, Celestia had marked a substantial rise to $14.39, registering an 18.06% increase within just 24 hours.

This surge not only boosted its trading volume to a hefty $479,410,105 but also solidified its position at #39 on CoinMarketCap. Celestia’s market cap, hovering around $2.2 billion, is supported by a circulating supply of 152.88 million TIA coins.

This downturn in Celestia’s trajectory, juxtaposed against the backdrop of the latest meme coin’s surge past the $4.5 million milestone, raises critical questions about the volatile nature of digital assets and the future viability of TIA in the ever-evolving crypto landscape.

Focusing on the technical analysis, Celestia’s current pivot point is $11.96, serving as a critical juncture for future price movements. The asset faces immediate resistance at $13.26, with subsequent levels at $14.86 and $15.93.

On the support front, Celestia finds immediate backing at $11.01, followed by $9.99 and $8.86. These levels are crucial for investors and traders to monitor, as they play a significant role in determining Celestia’s short-term price trajectory.