Celestia's Price Hike Faces Token Unlock Headwinds

Celestia's price has been on a decline over the past couple of weeks as the market settles into a neutral position.

The asset has posted a 25% decline on a year-to-date basis, with the past day reflecting this trend through a 0.2% gain.

A token unlock is scheduled to release roughly $62,000 in new tokens into the market within the next two days, which could add selling pressure on the price.

However, despite the weakening on-chain metrics and the token unlock, sentiment around Celestia has turned net positive, with investors showing a growing pattern of long bets in the market.