Celestia (TIA) price faces significant challenges in the coming days as multiple factors align to influence its movement. The upcoming token unlock event, which will introduce a substantial amount of new supply, could heighten selling pressure and add volatility.
Recent RSI movements indicate a slight improvement in market momentum, but the indicator remains close to oversold territory. Additionally, the EMA lines continue to signal a bearish trend, suggesting that the price could face resistance in any upward move amidst the looming supply increase.
TIA Token Unlock Could Impact Its Price In The Next Few Days
This week marks a significant shift for TIA, with 73.3% of its circulating supply set to enter the market. On October 30, 175 million TIA tokens, valued at approximately $859 million at current prices, will be unlocked.
Following this substantial release, TIA will continue a daily unlock of about 950,000 tokens, steadily expanding its circulating supply over time.
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Given TIA’s total supply of 1 billion tokens, the upcoming release of 175 million tokens represents a massive increase, about 17.5% of the total supply. This sudden influx could significantly impact TIA price, especially in the short term.
A large increase in supply without a corresponding rise in demand could lead to increased selling pressure, as recipients of the unlocked tokens may choose to sell. Such a scenario might result in a price drop as the market absorbs this sudden increase in circulating tokens.
