Celestia’s v9.0.4 network upgrade has sparked new market interest as investors returned following the successful July 1 rollout.
The blockchain completed the upgrade to a block height of 11,771,698, while exchanges briefly suspended deposits and withdrawals without disrupting trading activity.
As a result, Celestia (TIA) gained 10.12% over the past 24 hours and traded around $0.4060 during the move.
Trading activity also strengthened significantly, with daily volume increasing 102.19% to $59.5 million. This increase reflects a renewed participation rather than a weakening of speculation.
Although enthusiasm surrounded this rise, the positioning of derivatives nevertheless painted a more cautious picture, creating an interesting contrast between spot participation and futures activity.
Why are futures sellers still active on TIA?
Despite the surge in spot activity, futures traders continued to favor aggressive sell orders throughout the rally.
THE 90 Day CVD Futures Taker remained firmly dominated by sellers, indicating that market participants repeatedly executed sell orders instead of lifting bids.
This behavior suggests that derivatives traders have not fully embraced the rally, even as buyers have returned to the spot market.
However, TIA still maintained its gains, implying that spot demand absorbed much of the selling pressure instead of allowing futures activity to dictate price direction. This divergence suggests an improvement in market structure, as higher spot participation often provides healthier support than leveraged buying alone.
Nonetheless, the continued dominance of sellers in futures indicates that bearish conviction has not completely disappeared.
Why are the bulls still holding on?
Even as futures traders continued to submit aggressive sell orders, leveraged bulls maintained their confidence in the funding market.
The IO-weighted funding rate remained positive and reached around 0.0057%, showing that long position holders still paid funds to maintain their exposure.
This result reflects sustained bullish positioning rather than widespread liquidation among leveraged traders.
Unlike the Futures Taker CVD, which measured executed market orders, the OI-weighted funding rate reflected traders’ willingness to maintain directional exposure.
Together, the indicators reflect mixed sentiment rather than a single market narrative.
Buyers continued to defend their long exposure while sellers dominated the execution flow, creating a tug of war between conviction and immediate order flow.
The cleavage test takes center stage
Celestia (TIA) approached a breakthrough technical level after completing cup and handle development training below the $0.4045 neckline.
Buyers had already pushed the price back towards this resistance after recovering from the June low near $0.30, reinforcing the broader recovery structure.
Meanwhile, the handle expanded into a bearish channel before the price broke above its upper limit, reinforcing the improving chart structure.
The relative strength index (RSI) climbed to 56.90, while its moving average remained near 51.16, indicating strengthening buying momentum without reaching overbought conditions.
The price also held comfortably above the $0.3551 support, preserving the bullish structure established during the rebound.
Even so, the neckline remains the defining barrier because repeated rejections had previously interrupted upward progress.
A confirmed daily close above $0.4045 would likely validate the trend and expose $0.5000 as the next major resistance.
Final summary
- The Celestia upgrade boosted spot demand, while futures traders continued to sell during the rally.
- Positive funding and an improving chart structure kept hopes of a breakout above key neckline resistance.
