{"id":343353,"date":"2024-07-13T05:59:30","date_gmt":"2024-07-13T00:29:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=343353"},"modified":"2024-07-13T05:59:30","modified_gmt":"2024-07-13T00:29:30","slug":"trader-says-top-10-altcoin-to-have-a-strong-run-in-the-fourth-quarter-updates-outlook-on-celestia-and-render-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/trader-says-top-10-altcoin-to-have-a-strong-run-in-the-fourth-quarter-updates-outlook-on-celestia-and-render-crypto-news\/","title":{"rendered":"Trader Says Top-10 Altcoin To Have a Strong Run in the Fourth Quarter, Updates Outlook on Celestia and Render &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>A popular crypto trader and analyst thinks one Ethereum (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/ethereum\/\">ETH<\/a>) rival is gearing up for a strong finish in 2024.<\/p>\n<p>The pseudonymous analyst known as Altcoin Sherpa <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1811018012142587922\">tells<\/a> his 217,900 followers on the social media platform X that Solana (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/solana\/\">SOL<\/a>) has a healthy market structure and predicts a breakout for the top-10 altcoin before the year\u2019s end.<\/p>\n<p><em>\u201cSOL looks more like the green box versus the red box to me. The reason is mostly due to: <\/em><\/p>\n<ul>\n<li><em>Previous price action (run from $20-$200 was way different in 2021 versus 2024). <\/em><\/li>\n<li><em>More defense of key levels this time around i.e. $130. <\/em><\/li>\n<li><em>Overall Bitcoin (BTC) market is obviously in a much healthier place. <\/em><\/li>\n<\/ul>\n<p><em>So yeah, I still view SOL to be mostly healthy here. While something like $100 could still come on a flush, I still predict price mostly chopping between $120-$170 for a while and then a strong run-up in Q4. In other words, I don\u2019t think it\u2019s \u2018over.&#8217;\u201d<\/em><\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><figcaption class=\"wp-caption-text\">Source: Altcoin Sherpa\/X<\/figcaption><\/figure>\n<p>Solana is trading for $136 at time of writing, down nearly 3% in the last 24 hours.<\/p>\n<p>Next up, the analyst <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1811020495627649324\">says<\/a> that the native asset of the modular blockchain network Celestia (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/celestia\/\">TIA<\/a>) could retest a Fibonacci retracement level at $5.80, a decline of more than 9% from the current value.<\/p>\n<p><em> \u201cTIA: would love to fill in the green box, staying patient for now.\u201d<\/em><\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GSIJiNpWIAExPGg?format=jpg&amp;name=medium\" alt=\"Image\" width=\"1200\" height=\"679\" \/><figcaption class=\"wp-caption-text\">Source: Altcoin Sherpa\/X<\/figcaption><\/figure>\n<p>TIA is trading for $6.38 at time of writing, down nearly 7% in the last 24 hours.<\/p>\n<p>Lastly, the analyst <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1811049768312877549\">says<\/a> that Render (<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/currencies\/render-token\/\">RNDR<\/a>), 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.<\/p>\n<p><em>\u201cRNDR 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.\u201d<\/em><\/p>\n<figure style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" loading=\"lazy\" src=\"https:\/\/pbs.twimg.com\/media\/GSIkKM4XMAAChR2?format=jpg&amp;name=medium\" alt=\"Image\" width=\"1200\" height=\"679\" \/><figcaption class=\"wp-caption-text\">Source: Altcoin Sherpa\/X<\/figcaption><\/figure>\n<p>Render is trading for $6.03 at time of writing, down 6.7% in the last 24 hours.<\/p>\n<p class=\"p1\"><em><span style=\"font-size: 13pt\">Don&#8217;t Miss a Beat \u2013 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/join-the-daily-hodl-email-list\/\">Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt\">Check <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/crypto-markets\/\">Price Action<\/a><\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt\">Follow us on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TheDailyHodl\">X<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/thedailyhodl\/\">Facebook<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/thedailyhodl\">Telegram<\/a><\/span><\/em><br \/>\n<br \/><em><span style=\"font-size: 13pt\">Surf <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/dailyhodl.com\/daily-hodl-mix\">The Daily Hodl Mix<\/a><\/span><\/em><br \/>\n<\/p>\n<div class=\"hideinamp\">\n<p>&amp;nbsp<br \/>\n<img decoding=\"async\" loading=\"lazy\" class=\"\" src=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2018\/06\/Get-Alerts-728x90.png\" width=\"800\" height=\"99\" \/><\/p>\n<h6>Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their 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 the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n<p><span style=\"font-size: 10pt\"><em>Generated Image: Midjourney<\/em><\/span><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A popular crypto trader and analyst thinks one Ethereum (ETH) rival is gearing up for a strong finish in 2024. The pseudonymous analyst known as Altcoin Sherpa tells his 217,900 followers on the social media platform X that Solana (SOL) has a healthy market structure and predicts a breakout for the top-10 altcoin before the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":343357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-343353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/343353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=343353"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/343353\/revisions"}],"predecessor-version":[{"id":343359,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/343353\/revisions\/343359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/343357"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=343353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=343353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=343353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}