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TIA Funding Rate Turns Negative- Celestia Approaches Critical Support Zone Near $1.2
TIA Funding Rate Turns Negative– Since June 30, Celestia (TIA) has seen a notable decline of 12%, reflecting persistent bearish momentum. The altcoin appears poised to test critical support levels around $1.2 or even the psychological $1 mark.
Rising Open Interest Signals Increased Short Selling
Data from Coinalyze reveals that during recent price drops, Open Interest surged at times—indicating active short selling. Additionally, the Funding Rate dipped into negative territory on June 30, signaling that shorts were paying longs, a classic sign of bearish market sentiment. Although the Funding Rate has since moved above zero, the overall tone remains cautious.
Selling Volume Dominates as Spot CVD Declines
The spot Cumulative Volume Delta (CVD) trend has been downward, highlighting stronger sell-side activity. This aligns with Celestia’s price trend, which has been falling steadily since mid-May.
Technical Indicators Confirm Bearish Momentum
On the one-day chart, both the Accumulation/Distribution (A/D) indicator and the Chaikin Money Flow (CMF) confirm sustained selling pressure. The CMF has consistently stayed below -0.05 for the past month, indicating significant capital outflows from TIA. Moving averages also support the bearish outlook, reinforcing the downward momentum.
Key Support Levels and Potential Reversal Zone
The local low near $1.31 is at risk of breaking, which would confirm a bearish market structure and signal continued downside. The 1-month liquidation heatmap shows a liquidity cluster between $1.27 and $1.33, likely to attract price action downward.
However, if this “magnetic” zone is fully swept, it could pave the way for a potential bullish reversal. For that to happen, strong buying demand must replace the current selling pressure—a scenario not strongly supported by current data.
Ongoing Token Unlocks Add to Selling Pressure
Daily unlocks of around 995,000 TIA tokens, according to CoinMarketCap, add supply pressure. Without a significant increase in demand, this steady unlocking coupled with existing sell momentum suggests continued bearish bias among traders.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
