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

Key Points

1. Celestia (TIA) gained 16% in 24 hours despite a 26% decline in recent weeks.

2. Spot investors sold $2.97M worth of TIA, suggesting profit-taking or bearish sentiment.

3. 78% of investors expect the uptrend to continue, which could bring more liquidity into TIA.

4. Derivatives market shows strong long positions, with key metrics like Open Interest Weighted Funding Rate and Taker Buy/Sell Ratio indicating bullish sentiment.

5. Technical indicators suggest TIA could target $1.89, with the Relative Strength Index (RSI) showing upward momentum.