Bitcoin $83,576 started relatively positive on Monday, September 9, hovering above $55,000. Although some altcoins have turned green again, they have not fully recovered their losses from the recent drop. Two well-known cryptocurrency analysts shared their latest market predictions for TIA and SOL Coin a few hours ago. So, what are their targets?
TIA Coin Price Target
Altcoin Sherpa shared his latest evaluations for the cryptocurrency markets and published his prediction for Celestia (TIA) Coin. The competition among protocols introduced in the last two years has intensified due to the rapid increase in alternatives among altcoins. As a result, some cryptocurrencies have fallen below the lows they saw after being listed.
In his evaluation shared before the US markets opened, the analyst mentioned that it might not be logical to buy under the current conditions. Sherpa, who talked about the challenges of holding TIA Coin in the long term, wrote:
“It could even drop below $1. But there will be some disruptive rallies that defy all logic. Seeing TIA Coin rise above $7 one day in the future wouldn’t surprise me.
Holding this altcoin in the long term will be tough. Therefore, I will trade when it shows momentum and won’t try to accumulate earlier. ‘Bull unlockers’ worked in some projects, but I don’t believe this is the norm for most.”
In the graph he shared, the analyst highlights the destructive drop from $20.
Solana (SOL) Price Prediction
Carl is interested in the Solana (SOL) chart. Born as an Ethereum $1,921 rival, it is the only smart contract platform that can compete with it significantly. We have seen a Solana that competes with Ethereum in transaction volume, user density, network DeFi activity, and many other areas, sometimes even surpassing it.
Despite weakening due to the withdrawal of the ETF application and the general negativity in the markets, SOL Coin is still standing. Carl shared the four-hour chart below to indicate a potential reversal of the downtrend.
According to Carl, if the bulls can break out of the descending triangle, a period of accelerated rise could begin again. For this, we need to see convincing closures above $130. Then, the falling trend resistance, which is 15% higher, will be targeted. Additionally, the analyst is pleased with the failure of support tests.