Celestia (TIA) Climbs 10% as Exchange Outflow Signals Holder Confidence

Exchange Outflows Point to Strong Holder Sentiment

Data from Coinglass on Wednesday indicated a strong outflow of Celestia from exchanges, totaling about $5.62 million. Typically, a high outflow reflects a bullish sentiment, as it means more investors are removing their tokens from exchanges, often a sign they plan to hold rather than sell.

This outflow aligns with Celestia’s recent price increase, suggesting that holders expect the upward trend to continue. Meanwhile, on-chain activity has also seen a boost, with Santiment reporting TIA’s volume reaching over $350 million today. Though the volume has since dipped, it remains at a monthly high, signaling a notable increase in market interest.

Technical Indicators Suggest Potential for Further Gains

Celestia’s price is nearing a critical technical point on its daily chart, approaching a potential break above the Ichimoku Cloud, a key indicator for trend strength. When the price sits above this cloud, it often indicates support for further upward movement. Currently, TIA’s price is testing this level, with the Bull Bear Power (BBP) indicator showing promising momentum for the bulls.

If Celestia manages to break above the Ichimoku Cloud, its price could reach a target of $6.15. However, if exchange outflows slow and inflows rise, the uptrend may lose steam, possibly pushing the price down toward $3.73.

With strong holder confidence, increased trading volume, and positive technical indicators, TIA could be setting the stage for further gains in the days ahead.