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Celestia Ecosystem Begins to Crumble: TIA Price Prediction as Astria Network Shuttered

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The crypto market may have added $160Bn onto its market cap overnight as Bitcoin surged back above $92,000. However, trouble is on the horizon for Celestia (TIA) as a key protocol built on its network was shuttered following an $18M raise back in 2024. TIA price predictions are leaning bearish following the news, even though the token has surged by +10% over the past 24 hours.

Astria launched in 2023 after raising $5.5M in a seed round led by Maven 11, followed by a $12.5M strategic fundraise in 2024 led by DBA and Placeholder VC. The shutdown of the Astria network is seen as sudden, given that the mainnet only went live a little over a year ago.

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Does Astria Shutdown Spell Disaster for Celestia? Two Years of ‘Down Only’ Just Got Even Worse for TIA

Such a prominent protocol being unexpectedly shuttered on an already struggling network is a bad look for Celestia and points to a lack of growth for the once-promising chain. Astria halting its network could prove the final nail in the coffin for TIA, following two years of incredibly poor price action.

TIA is down -97% from its all-time high of $20.85, reached just three months after its launch in February 2024. It has been a downhill slide ever since, as a lack of innovation and mass adoption of Celestia has led the token to fall from its launch price of $2.3 to its current level of $0.62.

At those heights in early 2024, Celestia was a top 60 cryptocurrency by market cap, valued at over $3Bn. However, poor tokenomics, namely massive token emissions, led to the market cap rising to over $4 4Bn by December 2024, but the TIA token price continued to fall.

As of right now, the Celestia market cap sits at just over $520M, making it the 150th largest token on the market, a real fall from grace after bulldozing its way onto the market in 2023 as one of the most hyped projects in recent years.

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Analysts Give TIA Price Prediction for December: $0.5 Next?

On a 4-hour timeframe, the price action suggests a potential bullish retracement following a significant liquidity sweep beneath the recent swing low, though the high-timeframe trend remains bearish.

TIA may benefit from broader market improvement, as Bitcoin has ripped back above $92,000 and taken the rest of the market with it. However, it faces immediate resistance around $0.65, with a decent support established just below $0.60.

If TIA can close the day above that $0.60 support zone, it could lead to a short-term rally towards the resistance levels of $0.68 and $0.72. However, failure to maintain support may trigger renewed bearish momentum, with a drop toward $0.50 and possibly lower, a real possibility.

Celestia Ecosystem Begins to Crumble: TIA Price Prediction as Astria Network Shuttered - ExpertFX School

(SOURCE: TradingView)

Crypto Twitter trader @MarkTheApe99 has expressed concerns about a sustained TIA price rally, citing the asset’s poor performance over the past two years as a warning against buying Celestia now.

He said, “Look at the weekly. Every bounce sold. No higher highs. No trend reversal. Every key level lost. Price stair-cased from 20, 8, 4, 2, 0.5. Current support sitting at $0.46 and that’s only technical, not fundamental. This is what people call “DCA,” but it’s really paying rent to a dead trend. The funniest part? You had influencers calling this “the next SOL” while the chart was telegraphing a multi-month bleed. The truth: DCA works on assets with real demand, not on weekly charts that look like ski slopes.”

It is a damning indictment for Celestia, but after losing a leading protocol in Astria, coupled with 24 months of sell pressure and bearish price action, it is hard to argue against this ugly TIA price prediction.

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The post Celestia Ecosystem Begins to Crumble: TIA Price Prediction as Astria Network Shuttered appeared first on 99Bitcoins.

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