Celestia (TIA) experienced a significant rise with the airdrop event in 2023. However, after this rise, there were long-term declines and a reversal of this trend was observed in the last 24 hours. As of writing time, TIA is currently finding buyers at $7.30 and recording an increase of 12%. With this performance, TIA stands out as the second most rising cryptocurrency after MEW.

This increase in the price of TIA creates great excitement in the market and shows that confidence among investors is increasing. Especially futures investors started to show interest in long positions. According to data provided by Coinglass, TIA's funding rate showed a predominantly negative trend between July 4-19. However, with the price increase in recent days, this rate is still at positive levels with 0.0042%.

Looking at the daily price chart for TIA, a long-term price rally is possible. The Parabolic SAR indicator also supports this bullish trend; Since the points of the indicator remain above the TIA price, it appears that the market is moving in an upward direction.

Additionally, TIA's Chaikin Money Flow (CMF) indicator is also showing a positive outlook and remains above the zero line at 0.07 as of press time. This indicates that the fund inflow continues in TIA and the upward trend can be sustained.

However, if a possible selling pressure is encountered in the market, the price of TIA may rise to $ 8.09, while in an opposite scenario it may fall to low levels such as $ 4.13.

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