- While some American investors have sold Tia, others have actively bought it last week.
- Technical patterns show that investors accumulate, and a 200% rally can be on the horizon.
In the last 24 hours, Celestia [TIA] Has seen a price pump that increases 1.11% to reach a highlight of $ 3.29 at the time of writing. This bullish sets in the midst of a market sales, which means that it actively lost 20.20% in the past week.
Sentiment seems to be shifting in favor of the bulls, while traders act to actively collect prior to a Grand Price Rally.
American investors sell, accumulate others
The recent downward pressure on TIA is powered by American investors, as indicated by Coinglass Exchange Netflow data, which showed a positive lecture of Coinbase-one-based crypto exchange.
According to analysis, these American investors have loaded TIA for $ 591,200 last week. However, investors at other stock exchanges continued to collect active.
Source: Coinglass
Data shows that traders on Binance, Kraken, OKX and Bybit have collected $ 9.98 million in TIA in the last seven days, which could play a role in a potential rally in the upcoming trade sessions.
Ambcrypto also identified other bullish compensations that support a potential upward movement, because Tia acts on the map in a bullish pattern.
Bullish accumulation zone – Tia is ready
Tia is about to have an outbreak of 184% while acting in a bullish formation that is known as the Cup and Handle pattern, which preceded historically.
The pattern, as indicated on the graph, is currently trading within the lever – a phase in which price within a defined support and resistance zone consolidates.
Source: TradingView
For an upward movement, TIA must break above the current resistance level at $ 3.25. A movement above this level can push the price to $ 9.28.
Mixed derivatives sentiment
The derivatives market shows a mixed sentiment that a potential rally could slow down.
Currently, data indicates that the amount of restless derivative contracts in the last 24 hours increased by 1.80% to $ 115.84 million.
Short contracts saw most liquidations, with analysis showing that traders lost more than $ 165,000 to the market.
When more short contracts than lungs are strongly concluded, while open interest rates are higher, this suggests an increased purchase activity, which may lead to further profit.
However, the OI-weighted financing percentage remains negative, indicating that sellers are still dominating the market.
This metric offers a more accurate picture of market conditions, because it combines open interest and financing interest to determine the likely price movement.
A shift in the OI-weighted financing figure to a positive area would confirm the rally and release the road for TIA to achieve his projected target.
