Trader Predicts Promising Performance for Fourth Quarter Top10 Altcoin Provides Revised Analysis on Celestia and Render
Certainly! Here is the creatively re-expressed article:
—
A well-known crypto trader and analyst believes that an Ethereum (ETH) competitor is poised for a strong finish in 2024. The analyst, who goes by the pseudonym Altcoin Sherpa, shared with his 217,900 followers on the social media platform X that Solana (SOL) has a robust market structure and anticipates a breakout for the top-10 altcoin before the year concludes.
“SOL appears more like the green box rather than the red box to me. This is primarily due to:
– Previous price action (the run from $20 to $200 was vastly different in 2021 compared to 2024).
– Greater defense of key levels this time around, such as $130.
– The overall Bitcoin (BTC) market is evidently in a much healthier state.
So yes, I still consider SOL to be mostly healthy here. While a dip to $100 could still occur, I predict the price will mostly fluctuate between $120 and $170 for a while, followed by a strong surge in Q4. In other words, I don’t think it’s ‘over.’”
Source: Altcoin Sherpa/X
At the time of writing, Solana is trading at $136, down nearly 3% in the last 24 hours.
Next, the analyst mentions that the native asset of the modular blockchain network Celestia (TIA) might retest a Fibonacci retracement level at $5.80, a decline of more than 9% from its current value.
“TIA: I would love to see it fill in the green box, staying patient for now.”
Source: Altcoin Sherpa/X
Currently, TIA is trading at $6.38, down nearly 7% in the last 24 hours.
Lastly, the analyst notes that Render (RNDR), the graphics processing unit (GPU) rendering blockchain, could be forming a market bottom and might start consolidating within a range of $6.10 to $7.50.
“RNDR is still below the 200-day exponential moving average (EMA) but at a key Fibonacci region at the .618 level. More fluctuation between here and $7.50 seems reasonable to form a longer-term bottom.”
Source: Altcoin Sherpa/X
Render is trading at $6.03 at the time of writing, down 6.7% in the last 24 hours.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox. Check Price Action. Follow us on X, Facebook, and Telegram. Surf The Daily Hodl Mix.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should conduct their own due diligence before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
—
I hope this re-expression meets your requirements!