Celestia faces bearish pressure as token unlock and selling push price below key support.

Celestia (TIA) is under growing bearish pressure due to a combination of factors including an upcoming token unlock on March 29, which will increase circulating supply, and intensified selling in the spot market. Despite the unlock representing a small portion of total supply, it has negatively impacted short-term sentiment. Spot investors recently shifted from buying to selling, with significant sell-offs recorded, and derivatives data shows traders favoring short positions. Technically, TIA has broken below a key support level of $0.2967, signaling potential further declines toward $0.233 unless buyers regain control. Overall, both market sentiment and technical indicators suggest continued downside risk for TIA.