- Celestia’s network upgrade pushed TIA trading volume up 102% and boosted investor confidence.
- Spot buyers absorbed selling pressure despite futures traders maintaining bearish positioning.
- TIA tests key resistance at $0.4045, with $0.50 as the next upside target.
Celestia, returned to the spotlight after a successful network upgrade sparked renewed interest across the crypto market. Investors quickly responded by increasing buying activity, pushing TIA higher while trading volume more than doubled within a day. The strong reaction highlighted growing confidence following the upgrade. Even so, derivatives traders remained cautious, creating a noticeable gap between spot market demand and futures positioning. That contrast now raises an important question about whether the rally has enough strength to continue.
Spot Demand Strengthens Despite Cautious Futures Positioning
Celestia completed the v9.0.4 network upgrade on July 1 at block height 11,771,698. Major exchanges temporarily paused deposits and withdrawals during the process, although trading continued without disruption. The successful rollout reassured investors and encouraged fresh participation across the market. TIA responded with a 10.12% gain over the past 24 hours, trading around $0.4060. At the same time, daily trading volume jumped 102.19% to $59.5 million.
Despite stronger activity in the spot market, futures traders continued taking a defensive approach. The 90-day Futures Taker CVD remained firmly in seller territory, showing that many participants still executed aggressive sell orders. That behavior reflected caution even as spot buyers stepped in with confidence. Interestingly, selling pressure failed to push prices lower because spot demand absorbed much of the available supply.
Funding data offered another perspective on trader sentiment. The OI-Weighted Funding Rate stayed positive near 0.0057%, showing that long-position holders continued paying funding fees to maintain bullish exposure. Unlike the Futures Taker CVD, which tracks executed orders, the funding rate measures willingness to keep positions open.
Bulls Face a Critical Technical Test
Attention now shifts toward a key technical level that could determine the next phase of TIA’s recovery. Price approached the $0.4045 neckline after developing a cup-and-handle formation. Buyers successfully lifted the token from June lows near $0.30 before forming the handle inside a falling channel. A breakout above the channel strengthened the overall chart structure and increased optimism among technical traders looking for confirmation.
Momentum indicators also continued supporting the bullish outlook. The Relative Strength Index climbed to 56.90, while the indicator’s moving average held near 51.16. Those readings suggested buying momentum continued improving without reaching overbought conditions. Meanwhile, price remained comfortably above the important support level at $0.3551.
The neckline now stands as the biggest obstacle. Previous rallies struggled to break above the same level, making the current test especially important. A confirmed daily close above $0.4045 would complete the bullish pattern and could open the door toward the next major resistance near $0.50. Spot buyers currently hold the advantage, although futures traders remain unconvinced.
