Celestia (TIA) has delivered a surprising turnaround in the past 24 hours, surging by 16% and standing out among top crypto gainers—despite a broader bearish trend. This strong upward move has caught the attention of traders and investors alike, especially after a painful 26% drop over recent weeks. While bullish momentum in the derivatives market signals confidence in further gains, early signs of profit-taking among spot investors raise questions about whether the rally can sustain its momentum.

Data from CoinGlass reveals that spot investors sold nearly $2.97 million worth of TIA over the past two days. While this might seem contradictory during a rally, the activity appears to be driven more by profit realization than panic. After a steep decline and a sudden 16% price bounce, some investors are understandably cashing out their gains. Yet the selling pressure hasn’t triggered a price reversal—suggesting that the bulls may still have the upper hand.

This cautious optimism is reflected in sentiment metrics. According to CoinMarketCap, 78% of the community remains bullish on TIA’s near-term performance. This confidence suggests that many investors expect further upside and are likely waiting for a potential pullback to re-enter or accumulate more TIA. If this sentiment holds, it could support additional liquidity inflows, offsetting spot sales and maintaining upward pressure.

Backing this bullish narrative is strong momentum in the derivatives market, where traders are actively betting on higher prices. The Open Interest Weighted Funding Rate, a key indicator of whether long or short positions dominate, is currently positive at 0.0057%. This reflects a healthy demand for long contracts, meaning more traders are expecting the price to rise rather than fall.

Further strengthening the bullish case is the Taker Buy/Sell Ratio, which remains above 1. This metric indicates that buyers are dominating trading volume in the derivatives space. When buy orders consistently outpace sell orders, it often reflects growing confidence and positioning for continued price appreciation.

Notably, top traders on Binance—both by size of position and trading account—are currently long on TIA. These advanced participants typically have greater insight or risk tolerance, so their bullish posture adds more weight to the current rally’s credibility. Their activity suggests institutional or professional interest in TIA’s near-term potential.

From a technical standpoint, TIA also shows signs of recovery on the chart. After bouncing from the lower Bollinger Band, the price has broken through the middle band—a key dynamic resistance—and is now heading toward the upper band, which sits near the $1.89 level. If the current trajectory holds, this resistance could be tested in the coming days.

Supporting this bullish technical setup is the Relative Strength Index (RSI), which is gradually climbing. Although it remains just below the neutral 50 mark, a move into the 50–70 zone would confirm stronger buying pressure and potentially open the door to a sustained uptrend. As RSI strengthens, it could attract more short-term traders looking to ride the momentum, further pushing the price toward the $1.89 resistance.

However, the bullish outlook isn’t without risks. While the spot investor sell-off currently appears to be profit-taking rather than panic, continued selling could begin to weigh on price action—especially if derivatives sentiment cools off. A sharp reversal in community sentiment or a sudden drop in Open Interest could trigger a short-term correction.

Still, for now, Celestia appears to be regaining strength, buoyed by derivatives traders, supportive sentiment, and a favorable technical setup. If bulls can maintain momentum and volume increases, a push toward $1.89 remains likely—potentially even setting the stage for a larger breakout if broader market conditions improve.