The CELSTIA price has been facing significant challenges recently, experiencing a sharp decline following the massive crypto crash last week. While it initially saw a 15% rally on October 13th fueled by Layer-2 token surge and easing U.S.-China tensions, this bounce didn’t hold, with TIA now trading around $1.09 down roughly 8% in the past 24 hours. This brings the price back into a downtrend pattern, highlighting the challenges facing traders and investors alike. The recent unlocks of 9.62 million CELSTIA tokens, part of a larger $1B+ wave affecting projects like Aptos and Avalanche, are contributing to this uncertainty. These unlocked tokens increase supply, and as demand fails to catch up, prices tend to slip. Additionally, the exit of Polychain Capital earlier this year added pressure, selling their remaining 43 million TIA back to the Celestia Foundation, which plans to gradually unlock them through November. This short-term impact adds uncertainty for investors. What’s Behind the Price Movement? The current price action on CELSTIA is influenced by a complex interplay of macro trends and internal challenges. On one hand, global market volatility continues after last week’s drastic liquidation event, impacting Celestia significantly. Additionally, the token-unlocking wave from its recent funding rounds have further added pressure to the price. Chart Analysis: A Clear Trend Downward The daily chart reveals a clear downtrend for CELSTIA price. Each rally has been smaller than the last, leading to lower highs and lower lows in a pattern of bearish divergence. Currently, a key support zone around $1.00 – $1.10 is hovering, putting the price dangerously close to this level. Losing this support could lead to a next significant drop towards $0.85 – $0.90, where buyers showed their interest last time. On the other hand, if CELSTIA can hold above the 20-day SMA (around $1.64), we might finally see a shift in momentum. A clean break there could set up a push toward $2.00, but it’ll take substantial volume and market confidence to achieve this. Market Indicators: Neutral with Bearish Lean Market indicators paint a similar picture, mostly neutral, with a slight bearish tilt. The RSI is around 56, indicating that CELSTIA isn’t oversold yet but lacks strong buying momentum. The MACD looks flat, showing no clear crossover to spark a new move. Open interest has dipped slightly, suggesting traders are pulling back rather than placing big bets. Shorts still outnumber longs, reflecting cautious trading sentiment. A Look at Q4: Uncertain Outlook for Celestia What’s the outlook for CELSTIA in Q4? In the short term, everything hinges on whether CELSTIA can hold that $1.00 support level. If it does, a gradual recovery towards $1.60 – $1.80 is plausible, especially if we see increased buying volume. However, if selling pressure continues or more unlocked tokens hit the market before demand rises, another leg down could occur. A drop toward $0.90 or lower wouldn’t be ruled out. In conclusion, CELSTIA price looks poised for a prolonged grind in the short-term. The underlying fundamentals of Celestia’s modular blockchain remain strong, but traders need to witness stronger accumulation before declaring a comeback. Until then, the chart suggests this token might continue its sideways movement until it breaks through resistance or support levels. Subscribe and stay informed Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.