Popular crypto analyst and trader thinks that one Ethereum (ETHThe rival of ) has been preparing to have a great finish in the year 2024.
Altcoin sherpa, a pseudonymous crypto analyst tells Solana has 217,900 social media followers (X) on his platform.SOLThe market structure of ) is healthy and the analyst predicts an upswing for top-10 altcoins before the end of the year.
I think SOL is more green than red. It is due to:
- Price changes in the past (from $20-$200) were very different from 2021 to 2024.
- The key level defense is more intense this time. $130.
- The overall Bitcoin (BTC ) market has clearly improved.
SOL remains mostly healthy in my opinion. Even though $100 may still appear on a flush of cards, I think the price will be mostly between $120-$170 until Q4 and then it’ll go up. In other words, I don’t think it’s ‘over.'”
Solana currently trades for $136, down almost 3% over the past 24 hours.
Following the analyst, says Celestia is the blockchain-based modular network that has a native asset (TIA() may retest the Fibonacci level of $5.80. This would be a drop of over 9% from its current price.
“TIA: would love to fill in the green box, staying patient for now.”
TIA currently trades at $6.38, down almost 7% over the past 24 hours.
Last but not least, there is the analyst says Rendering (RNDR), the graphics processing unit (GPU) rendering blockchain, could be forming a market bottom and could start consolidating in a range between $6.10 and $7.50.
“RNDR is still below the 200-day exponential moving average (EMA) but at a key Fibonacci region at the .618. More chop between here and $7.50 seems reasonable to form a longer-term bottom.”
Render has fallen 6.7% over the past 24 hours to $6.03.
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