Karla Barker 
Celestia’s v9.0.4 network upgrade on July 1 sparked fresh interest in the blockchain, leading to a notable price and volume surge for its native token, TIA. The upgrade completed at block height 11,771,698, with exchanges briefly pausing deposits and withdrawals but leaving trading activity largely unaffected.
As a result, TIA gained 10.12% in 24 hours, trading around $0.4060. Daily trading volume climbed 102.19% to $59.5 million, signaling renewed participation rather than fading speculation.
Futures traders remain cautious despite spot rally
Despite the excitement around the upgrade, derivatives positioning painted a more cautious picture. The 90-day Futures Taker CVD stayed firmly seller-dominant, meaning market participants repeatedly executed sell orders instead of lifting offers. This suggested derivatives traders had not fully embraced the rally, even as buyers returned to the spot market.
However, TIA maintained its gains, implying spot demand absorbed much of the selling pressure. That divergence suggested improving market structure, as stronger spot participation often provides healthier support than leveraged buying alone. Still, persistent seller dominance in futures indicated bearish conviction had not disappeared completely.
Bulls hold ground through funding market
Even as futures traders continued aggressive sell orders, leveraged bulls retained confidence. The OI-Weighted Funding Rate remained positive at around 0.0057%, showing long-position holders paid funding to maintain exposure. This reflected sustained bullish positioning rather than widespread liquidation.
Unlike the Futures Taker CVD, which measured executed market orders, the OI-Weighted Funding Rate reflected traders’ willingness to hold directional exposure. Together, these indicators painted mixed sentiment: buyers defended long positions while sellers dominated execution flow.
Technical setup points to key resistance
TIA approached a decisive technical level after forming a cup-and-handle pattern beneath the $0.4045 neckline. Buyers pushed price back toward this resistance after recovering from June lows near $0.30. The handle developed within a falling channel before price broke above its upper boundary, reinforcing improving chart structure.
The Relative Strength Index climbed to 56.90, with its moving average near 51.16, indicating strengthening buying momentum without reaching overbought conditions. Price also held above the $0.3551 support, preserving the bullish structure.
The neckline remained the defining barrier, as repeated rejection had previously interrupted upward moves. A confirmed daily close above $0.4045 would validate the pattern and expose $0.5000 as the next major resistance.