Altcoins
Solana and these 2 altcoins are ready to take flight!
As the cryptocurrency markets continue to experience remarkable developments, Altcoin Sherpa, a popular analyst, has announced the list of altcoins that he predicts will rise alongside Solana (SOL). Addressing his 217,900 followers on social media platform X, the analyst predicts that Solana has a healthy market structure and will make a major exit in the final quarter of the year.
Solana’s Healthy Market Structure and Altcoin Project Expected Rise
Altcoin Sherpa notes that From Solana The current market structure is quite healthy, noting that the price is defending itself in a more balanced manner compared to its rapid increase between $20-200 in 2021. The analyst says that Solana has found strong support around the key $130 levels and the overall Bitcoin market is also in a healthier state.
Sherpa thinks Solana will oscillate in the $120-170 range and then enter a strong uptrend in the last quarter of the year. Although Solana, which is currently priced at $136, has dropped nearly 3 percent in the last 24 hours, the analyst says these declines could represent a long-term recovery opportunity.
Autumn Expectations for Celestia
Another cryptocurrency that the analyst draws attention to is Celestia (TIA). Sherpa predicts that Celestia could drop to $5.80 at the Fibonacci retracement level and this level could be tested. The current value of TIA is $6.38 and it has dropped 7 percent in the last 24 hours.
Sherpa says that with this drop, Celestia can test the support level, which he describes as a green box, and he is patiently waiting for this level to fill. The analyst believes that Celestia could bounce in the long term.
Long-term recovery expectancy in Render
Finally, the analyst also has a positive forecast for Give (RNDR). Stating that Render, as a graphics processing unit (GPU)-based blockchain platform, is in the lower region of the current market structure, Sherpa points out that the price is below the 200-day exponential moving average (EMA) but finds support at .618, a major Fibonacci zone.
Expecting Render to consolidate in the $6.10-$7.50 range and may form a long-term bottom in this range, the analyst notes that the current price is $6.03 and has declined by 6.7% in the past 24 hours. Sherpa believes that this consolidation process could create a long-term recovery opportunity for Render.
General market situation, future prospects and altcoins
Altcoin Sherpa’s ratings reveal the volatile nature of cryptocurrency markets and the key levels that investors should pay attention to. Solana, Celestia, and Render’s analysis provide important clues that despite short-term volatility, these cryptocurrencies are likely to bounce back strongly in the long term. expectation The fact that Solana will make a major exit in the final quarter of the year presents an exciting opportunity for investors.
Likewise, the predictions that Celestia and Render can hold certain support levels and recover in the long term show that these altcoin projects are important assets to follow. According to the analyst, watching the market movements of major cryptocurrencies such as Solana, Celestia, and Render can provide investors with profitable long-term opportunities. However, as we at Kriptokoin.com They warned that investors should be cautious and carefully analyze projects.
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