Celestia's TIA Token Surges 16% Amid Bullish Derivative Trading

Celestia's TIA token experienced a significant rally, surging by 16% in the past 24 hours. This rally is notable given the bearish sentiment that has dominated the market in recent weeks, which had previously dragged the asset down by 26%. The rally was driven by bullish derivative traders who opened long positions in the market, indicating their confidence in further upside potential.

Despite the rally, spot investors have shown bearish intent, beginning to sell their holdings. According to data, spot market investors sold $2.97 million worth of TIA in the past 48 hours. This selling pressure suggests two major possibilities: profit-taking or a sell-off due to a lack of confidence. However, further analysis indicates that profit-taking is the more likely reason behind the recent sell-off. This is supported by sentiment data showing that 78% of investors expect the uptrend to continue, which could lead to more liquidity flowing into TIA and supporting additional accumulation.

The derivatives market also backs the continued upside for TIA. The Futures market has seen a continued surge in long positions, with a bullish bias indicated by a positive reading of 0.0057% in the Open Interest Weighted Funding Rate. This suggests that there are more open long contracts than short ones. Additionally, derivative buying volume remains strong, with the Taker Buy/Sell Ratio standing above 1, signaling that buyers are in control. Notably, traders ranked among the top investors by position and account on major exchanges are long on TIA.

Looking ahead, AMBCrypto’s analysis indicates a potential price target for TIA based on Bollinger Bands (BB). TIA has already bounced from the lower band, cleared the middle band resistance, and now moves toward the upper band at $1.89. The Relative Strength Index (RSI) confirms this upward momentum as it continues to rise. Although the RSI still sits below the neutral 50 mark, a steady climb into the 50–70 range would strengthen the case for TIA reaching $1.89.