Celestia's token TIA continued its upward trend on Friday, marking its third consecutive trading day of gains. In the past 24 hours, TIA rose approximately 10%, breaking through $0.44, making it one of the top performers in the recent crypto market.
This rebound has not yet seen any significant fundamental catalysts, with the market focusing more on increased retail trading activity. As discussions on social media platforms increase, short-term trading activity in TIA has also rebounded.
Open interest rose to $68.17 million.
CoinGlass data shows that TIA open interest rose to $68.17 million, an increase of over 10% in 24 hours. This typically indicates increased leveraged trading activity and higher participation from short-term funds.
Meanwhile, the TIA funding rate remained positive at 0.0042%. This figure typically reflects the willingness of long positions to pay a premium, indicating that current market sentiment is bullish.
- Open interest: $68.17 million
- 24-hour increase: Approximately 10%
- Funding fee rate: 0.0042%
Price is approaching the upper resistance zone
In the short term, TIA has risen by more than 15% in the past 7 days. This rebound began on Wednesday with a daily increase of about 6%, and the price subsequently rose above the 100-day exponential moving average around $0.4015 and the $0.4104 level.
The market is currently focused on resistance levels in the $0.4596 to $0.4722 range. This area previously capped further price increases earlier this month. A successful break above this level would target the $0.5224 area.
Short-term support is around $0.4104.
Momentum indicators remain relatively strong. The Relative Strength Index (RSI) is at 67, indicating continued buying pressure, but it has not yet entered a clearly overheated phase. The MACD is also correcting towards a bullish direction, suggesting that the previous downward momentum is weakening.
However, if the TIA falls back again near the resistance level, the market will re-examine the support levels below. The first level to watch is $0.4104, followed by $0.4015 and $0.3844. If the price can hold these areas, the short-term rebound structure is likely to continue.
