Celestia has dropped nearly 14% in the past 24 hours and 11% over the last week, falling to $0.49 and approaching its lowest price in a month. The decline pushes the token close to exiting the top 100 cryptocurrencies by market cap. Broader crypto markets also declined today, but not to the same extent, suggesting specific weakness around TIA.
Trading volume has increased over 70% this week, mainly driven by sell-side activity. Technical indicators reflect this pressure. The 7-period RSI has dipped to 31, close to oversold territory, while the 14-period RSI sits at a neutral 41 but trending downward.
The price has also touched the lower Bollinger Band at $0.4757, with rising volatility measured by ATR. These conditions often mark potential inflection points, though confirmation remains absent.
Read also: How to recognize a crypto presale scam? Full guide
Key Levels and Short-Term Outlook
Fibonacci analysis shows immediate resistance near $0.5973, with major support now at $0.4291 – the 100% retracement level. A close below that line would suggest further downside potential, while holding it could trigger a short-lived bounce.
Read also: Celestia Near All-Time Low, Faces Allegations of Insider Sales
New Protocol Fails to Support Price
Earlier this month, Celestia introduced Fibre, a next-generation protocol designed to expand blockspace throughput to 1TB/s and support fully on-chain economies. Despite the announcement, any market optimism was brief. The token has since fallen below $0.50, erasing most gains and continuing its multi-month decline.
Celestia is now down over 55% on the quarter and more than 90% year-on-year. While technical conditions suggest the possibility of a temporary recovery, the long-term trend remains bearish.
