Analysis: Celestia Token TIA Sees Inflows Despite Bitcoin Decline, Technicals Indicate Potential Rebound
Analysis indicates that Celestia’s token TIA has dropped 11% in the past 24 hours, affected by the decline in Bitcoin prices and heightened geopolitical tensions. However, investors are viewing this dip as a buying opportunity, resulting in significant capital inflows.
According to CoinGlass data, TIA saw a net purchase of approximately $401,000 in the past 24 hours, with a cumulative net purchase of $6.94 million over the week, marking the highest level in three weeks. The funding rate in the derivatives market remains positive, indicating that traders are still bullish.
On-chain indicators such as the Accumulation/Distribution Line and Money Flow Index also show a strengthening buying trend. Technical analysis points out that TIA is currently at a key support level within a descending channel, a position that has historically triggered rebounds multiple times. If it can break through the resistance levels at $1.606 and $1.732, the price could rise to $1.834, representing an increase of about 30%. Otherwise, the price may continue to fluctuate, awaiting new momentum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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