- Bullish derivative dealers have run Tias rally by opening long positions in the market.
- In the midst of the purchase pressure, spot investors have shown Baisseish intention and has started selling.
Celestia (TIA) Registered one of the strongest gains on the market in the last 24 hours and collected with 16% despite the baisse -like feeling that has dominated in recent weeks and reduced access to 26%.
While derivative dealers are investing further upwards, Ambcrypto found that the platform took the opposite posture – loss of ten. What does this mean and how can the market answer?
Spot Investors Offload $ 2.97 million TIA
Spot market investors have shown a baisse -like attitude over the past 48 hours, with sales activity that dominates.
Tiled Information on Spot Exchange Netflow – which tracks the volume purchased and sold by this cohort – shows that investors sold $ 2.97 million in TIA.
Source: Coinglass
Despite Rally, this sales pressure proposes two major opportunities: profit or sales due to lack of confidence.
Further analysis, however, indicates that profit -making is the more likely reason behind the latest sales.
Despite this, sentiment data shows that investors are still interested in increasing exposure to TIA in the coming days.
Source: Coinmarketcap
At press time, Community sentiment data about Coinmarketcap showed that 78% of investors expect the trend to continue.
If this feeling remains, it is likely that more liquidity will flow into TIA and support additional accumulation.
Derivate market support continued the upside for TIA
The futures market has seen continued force in long positions.
At press time, analysis of the open interest -based financing rate on Tiled—A key indicator at Hausse or Baisse -Tarty speed – showed a hooked pre -voltage with a positive reading of 0.0057%.
This suggests that there are more open long contracts than short.
Source: Coinglass
In addition, the derivative purchase volume remains strong. This is measured by means of the taker Buy/Sell relationship, where a reading over 1 indicates dominant purchase prints.
During the analysis, the ratio was above 1 and signaled that buyers have control.
Noteworthy, traders are ranked among the best investors by position and account at Binance for a long time on TIA, with readings of 1,6794 and 1,7624 respectively.
TIA EYES $ 1.89 goals as indicators adapt
Ambcrypto’s analysis indicates a potential pricing target for TIA based on Bollinger Bands (BB).
The Bollinger band (BB) identifies potential price movements through three key levels: the upper band (resistance), the middle band (dynamic support/resistance) and the lower band (support).
Source: Tradingview
TIA has already hoped from the lower band, cleared the middle band resistance and is now moving towards the upper band to $ 1.89.
The relative strength index (RSI) confirms this upward momentum as it continues to rise.
Although RSI is still under the neutral 50 mark, a steady rise in the range of 50-70 would strengthen the case for TIA which reaches $ 1.89.
