Celestia defies bears with 16% rally – But will profit-taking kill TIA?

• Bull derivative traders managed the Assembly of TIA by opening long positions on the market.
• In the middle of the shopping pressure, the spot investors showed a bear intent and started selling.

Celestia [TIA] He has seen one of the strongest profits on the market in the last 24 hours, which has gathered by 16% despite the bear sentiment that dominated in recent weeks, and overthrew the asset by 26%.

While derivative traders put on the next upwards, Ambrpto found that the point cohort took the opposite attitude – producing TIA. What does it mean and how could the market react?

Spot Investors offload $ 2.97 million TIA

Investors on the market site showed a bear attitude in the last 48 hours, dominating sales.

Coinglass Netflow point exchange data – which monitors the volume purchased and sold by this cohort – shows that investors have sold TIA worth $ 2.97 million.

This sales pressure, despite the assembly, suggests two main options: profitable or sale due to insufficient trust.

However, further analysis suggests that the cause of profit is a more likely reason for a recent sale.

Nevertheless, the sentiment data show that investors are still interested in increasing the TIA exposure in the coming days.

At the time of printing data on community sentiment Coinmarketcap They have shown that 78% of investors expect uptrend to continue.

If this sentiment persists, it is likely that more liquidity will flow to the TIA and promote further accumulation.

Market derivatives continued up to TIA

The futures market has seen a continued increase in long positions.

At the time of printing an analysis of an open interest rate respected financing on Coinglass– The key indicator of a bull or bear momentum – assessed the bull’s budity with a positive reading of 0.0057%.

This suggests that there are more open long contracts than short.

In addition, the derivative purchasing volume remains strong. This is measured by the purchase/sale ratio of the recipient where reading over 1 indicates the dominant shopping pressure.

At the time of the analysis, the ratio was above 1 and indicated that the buyers had control.

Especially traders ranked among the best investors according to the position and account of the binance are long on TIA, with deductions of 1.6794 and 1.7624.

TIA EYES 1.89 $ target as indicators in accordance

Ambrpto analysis suggests a potential price target for TIA based on Bollinger Bands (BB).

Bollinger Bands (BB) identifies potential price movements via three key levels: upper band (resistance), middle band (dynamic support/resistance) and lower band (support).

The TIA has already reflected from the lower zone, cleaned the middle zone resistance, and now moves towards the upper zone to $ 1.89.

The relative force index (RSI) confirms this momentum up because it continues to grow.

Although RSI is still sitting under a neutral 50 brand, a steady climb to a range of 50-70 would strengthen the case where TIA reaches $ 1.89.