Disclaimer: The content of this post concerns Technical Analysis, Price impacts of unlockings and tokenomics. This post does not concern if celestia is a great project or not (and i think i is, but the token price may not reflect that in this timeframe due to investors dilution).
Celestia's Marketcap Rose from 1 to 2 Billion this week, amazing right? But with 20% Losses in the last 7 days.
We all knew it was coming, who sold when the market moved up had an great opportunity. Now tot he price to move up 4 dollars, they will need at least the Double of the Inflows, considering that the unlocks will be sold, that inflow would need to be much higher.
Do you refuse to sell now? Ok Lets do the TA.
Exiting at 5.385 to 5.6 dollars are out of the table, this move already happened in the last days.
Can it happen again? most likely, thats only because TIA is exactly in the low of the monthly trend and if god helps you, TIA investor, the exit may happen at 6.87 to 8.665 usd IF and only IF a big announcement comes.
Let's not forget that around 50 days ago, Celestia received 100 Million dollars in investment, making it a little harder to expect a news pump.
The bottomline is, if it goes below $3.862 And pivots under it on a weekly/monthly closing, FLY YOU FOOLS!
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