TIA experienced a big dump of 15% in a single day, breaking below $0.60, with on-chain activity hitting a new low, but the technical aspects show signs of stabilization.

[Coin World] TIA has recently fallen quite sharply, dropping over 15% in just 24 hours, which is much more severe than the 5% drop in the broader market. The price has broken the 0.60 dollar support line and is now hovering around 0.56 dollars, looking like it may establish a new low here. Worse still, funds continue to flow out.

However, the technical side is a bit interesting - the MACD shows that the downward momentum is slowing down, could it be that it can't fall any further? But the on-chain data isn't very optimistic, the monthly active address count on the Celestia network has dropped to a low of 36,100, and the activity level is clearly lacking.

There is quite a bit of liquidity piled up above $0.60, which could theoretically trigger a rebound. But the question is, whether that liquidity is for bottom fishing or for fleeing? It's really hard to say. The short-term trend still needs to observe the flow of funds and whether this position can be held.