On Monday, September 9, Bitcoin started positively, hovering above $55,000. Despite some altcoins turning green, they haven’t fully recovered from recent losses. Two well-known cryptocurrency analysts shared their latest market predictions for TIA and SOL coins.
What is the TIA Coin Price Target?
Altcoin Sherpa recently shared his evaluations for the cryptocurrency market, focusing on Celestia (TIA) Coin. With competition among protocols escalating due to the increase in altcoin alternatives, some cryptocurrencies have fallen below their initial listing prices. In his evaluation, Sherpa advised against buying TIA Coin under current conditions and highlighted the challenges of holding it long-term.
He stated, “It could even drop below $1. But disruptive rallies defying logic might occur. Seeing TIA Coin rise above $7 in the future wouldn’t surprise me.” Sherpa emphasized trading based on momentum rather than long-term accumulation, adding that while some projects succeed with ‘bull unlockers,’ it’s not the norm.
Will Solana (SOL) Maintain Its Strength?
Carl, another analyst, is focused on the Solana (SOL) chart. Solana, an Ethereum competitor, has shown significant performance in transaction volume, user density, and network DeFi activity. Despite recent market negativity, SOL Coin remains resilient. Carl shared a four-hour chart indicating a potential downtrend reversal if the bulls break out of the descending triangle, aiming for convincing closures above $130.
He noted that if this occurs, a period of accelerated rise could begin, with the next resistance trend 15% higher. Carl expressed satisfaction with the failure of support tests, suggesting a bullish outlook for SOL.
Key Conclusions
– TIA Coin faces significant volatility, potentially dropping below $1 before experiencing unexpected rallies.
– Altcoin Sherpa recommends trading TIA based on momentum rather than long-term holding.
– Solana (SOL) remains a strong competitor to Ethereum, with potential for a resurgence if technical factors align.
– Carl identifies $130 as a critical level for SOL, with further gains possible if this resistance is breached.
These insights from analysts highlight the complexities and opportunities in the current cryptocurrency market, particularly for TIA and SOL coins.