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COINTURK NEWS > Cryptocurrency News > Analyst Shares Insights on Solana, Bitcoin, and Celestia
Cryptocurrency News

Analyst Shares Insights on Solana, Bitcoin, and Celestia

In Brief

  • Altcoin Sherpa shares insights on Solana, Bitcoin, and Celestia.

  • Solana's $120-$170 range is attractive for accumulation.

  • Bitcoin's short-term outlook is optimistic, mid-term remains uncertain.

COINTURK NEWS
COINTURK NEWS 10 months ago
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Experienced cryptocurrency analyst Altcoin Sherpa shared his latest observations on various cryptocurrencies, including Ethereum (ETH) competitor Solana (SOL), Bitcoin (BTC), and Celestia (TIA). The analyst, who has a significant following on social media platform X, believes Solana will perform well in the coming months despite his neutral stance on its short-term performance.

Contents
Analyst’s Solana and Bitcoin AnalysisClosely Monitoring Celestia

Analyst’s Solana and Bitcoin Analysis

According to Altcoin Sherpa, Solana’s price range of $120-$170 is an attractive accumulation zone. While SOL needs overall market conditions to improve for significant movement, he added that the asset could perform well in the second half of the year.

SOL is trading at $140.87 with a slight drop of over 1% in the last 24 hours at the time of writing. Solana currently ranks 5th among the largest cryptocurrencies by market capitalization.

Altcoin Sherpa also shared his short-term optimistic outlook for Bitcoin. He foresees a few days of upward movement for Bitcoin but remains uncertain about its mid-term expectations. He emphasized that next week’s market behavior will be crucial in determining whether BTC will return to its previous trading range.

Closely Monitoring Celestia

In addition to Solana and Bitcoin, Altcoin Sherpa is closely monitoring the modular Blockchain network Celestia. He highlighted that he is closely watching TIA due to a potential bull flag formation. This formation typically indicates a technical setup for an upward movement following a short consolidation period.

The analyst set a target purchase price of $6.00 or slightly lower for TIA. As of now, TIA is trading at $6.82 with a drop of over 3.5% in the last 24 hours and ranks 66th among the largest cryptocurrencies by market capitalization.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 11 July, 2024 - 3:07 pm 11 July, 2024 - 3:07 pm
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