Celestia's TIA token experienced a notable 4% increase following an $890 million token unlock event, outperforming the broader cryptocurrency market. This unexpected rise defied the usual 'sell-the-news' trend, where increased circulating supply typically leads to selling pressure.
Key indicators such as a positive funding rate and a bullish MACD trend suggest continued positive momentum for TIA. The funding rate turning positive reflects market optimism and increased long positions, while the MACD line's current position indicates a bullish trend.
Moving forward, TIA's price could reach targets of $6.45 and potentially a four-month high of $7.85 if buying pressure persists. However, should selling pressure increase, TIA might drop to $3.75, its lowest since September 7, showcasing potential volatility in the market.
