Celestia (TIA) is experiencing downside pressure as the altcoin’s price sees double-digit losses to trade around $1.42.
This means Celestia has erased recent gains amid heightened bearish pressure.
Meanwhile, 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.
TIA price dips as bulls give up gains
Celestia’s native token TIA has come under pressure, posting a sharp decline over the past 24 hours.
After trading as high as $1.70 earlier in the week, the token fell below the $1.50 level, marking a 10% drop on the day.
According to data from CoinMarketCap, TIA has lost more than 14% over the past week and is down over 45% in the past month.
The sustained losses have dragged Celestia’s market capitalization below the $1 billion mark, with its current valuation standing at approximately $982 million as the token trades near $1.42.
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’s volatility amid the recent escalation in geopolitical tensions, tariffs concerns, and broader jitters around the global economy saw 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.
Celestia price forecast amid altcoin market outlook
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.
Similarly, 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.
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