Coin Analysis: Celestia (TIA)

As a pioneer in the modular blockchain and data availability (DA) track, Celestia (TIA) has recently been slowly emerging from historical lows amid the broader market’s de-leveraging gloom. With technical upgrades rolling out and some selling pressure being absorbed, the price has rebounded and is currently oscillating in a range around $0.41 to $0.42.

Cycle phase: It is currently in the stage of releasing suppression after a long, deep correction, building a structural bottom at low levels.

Support and resistance: The key technical support level below is at $0.35. The primary near-term resistance zone above is expected to be $0.55 to $0.60.

Market outlook: TIA’s fundamentals are moving toward a recovery expectation, driven by a doubling of core performance:

V9 mainnet upgrade goes live (hard bullish catalyst): In early July, the official officially activated the V9 mainnet upgrade, cutting block time (Block Time) from 6 seconds in half to 3 seconds, and significantly increasing block capacity to 32 MiB. This major improvement greatly enhances its data availability throughput and smoothness for Layer-2 and Rollups, establishing a clear technological leading advantage.

Supply and demand balance tug-of-war: In July, the team faces routine token release and sell-pressure (estimated at about $67 thousand worth of unlocked value in TIA each day, totaling about $2.03 million for the whole month). However, the funding rate turning positive and a gradual recovery in spot buying indicate that the market is accelerating its absorption of this incoming supply. If it can hold the recent support levels, it will have stronger valuation flexibility after building momentum.

Disclaimer: This article is for reference only and does not constitute any investment advice. Cryptocurrencies carry a high degree of risk. Before investing, please be sure to do your own research and make a careful assessment.

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