Recent growth of Celestia (TIA) by 12% in a single trading session highlights the rising interest from traders and an improvement in market positions.
Price and Volume Surge
TIA achieved a 12% gain in a single day, closing at $1.67. This marked the strongest daily performance for the asset in over a month and was accompanied by a 170% jump in trading volume compared to its recent averages.
Dominance of Long Positions
Positioning data indicates that long positions have remained dominant during TIA’s price recovery. At key levels, traders hold $20.03 million in long positions versus $6.89 million in shorts. This 3:1 ratio in favor of long trades suggests that most participants expect the price to hold above support.
Price Movement Prospects
TIA is now approaching a critical resistance level at $1.70. To sustain its rise, the token must close above this level on the daily chart. If buying pressure continues, the next potential target stands at $2.26, representing a 35-40% increase from current levels.
The rise in TIA token prices and the increase in trading volume indicate growing interest in the asset and potential prospects for further growth. Monitoring key levels of resistance and support will be essential for traders.
