TIA (Celestia) rose 10.84% in the last 24 hours.

Gate News Bot news, July 7, according to CoinMarketCap, as of the time of writing, TIA (Celestia) is currently priced at $1.64, rising 10.84% in the last 24 hours, reaching a high of $1.67 and dipping to a low of $1.35, with a 24-hour volume of $121 million. The current market capitalization is approximately $1.148 billion, an increase of $112 million compared to yesterday.

Celestia is a modular blockchain network designed to provide full-stack control for unstoppable applications. It is committed to building high-performance, scalable infrastructure to support the development and deployment of various innovative applications. Celestia's goal is to enable developers to freely customize every layer of their applications through a flexible modular architecture, without being constrained by a single virtual machine or framework.

Important news about TIA recently:

1️⃣ Polychain Capital significantly reduces TIA holdings Since the TGE of the TIA token, Polychain Capital has cumulatively sold TIA worth over $242 million. Currently, the institution still holds about 44.7 million TIA, valued at approximately $63.9 million. This large-scale reduction in holdings may impact the supply and demand relationship of TIA.

2️⃣ TIA price breaks through the descending channel TIA price has recently shown a strong rebound momentum, breaking through the previous downward channel. The technical indicators show that the Relative Strength Index (RSI) is approaching the midpoint after rebounding from the oversold area, indicating that momentum is gradually recovering. If it can break through the key resistance level of $1.68, TIA may further rise to around $2.35.

3️⃣ The overall cryptocurrency market is warming up The strong rebound in Bitcoin prices has driven the entire cryptocurrency market's recovery. TIA, as an emerging modular blockchain project, has also benefited from this overall trend, showing significant rise momentum.

From a technical perspective, TIA is currently at a critical breakout position. If it can break through the resistance level of $1.68 and maintain stability, it may attract more buying interest, driving the price further up. However, investors should also be wary of the potential impact that Polychain Capital's selling pressure may have on the price.

This message is not intended as investment advice; investors should be aware of market volatility risks.