The fast-paced month of January represented a significant turning point for the cryptocurrency markets. Now we have entered February. Following the Fed meeting, investors are focused on whether the excitement around a spot Bitcoin ETF will persist. Bitcoin’s price is currently holding at $43,000, and altcoins are turning back to green.
Celestia (TIA)
TIA price has been steadily increasing along the support line since the beginning of November 2023. On January 15th, it reached an all-time high of $20.4. Despite being a new project, it has managed to capture investors’ attention due to its benefits.
TIA Coin price has fallen since then, but on January 23rd, it jumped, confirming the support trend line at $14.4. This trend line, which has been steady for 86 days, is a reassurance of the continued price increase. The RSI indicates that the rise could continue, and the weakening post-ETF sale pressure is promising for February.
Altcoin Sherpa has written that TIA Coin could embark on a new all-time high (ATH) journey in the coming days and weeks, sharing a target of $24.6.
PENDLE February Prediction
Since the middle of last year, the price has impressively risen along a support line similar to TIA Coin. According to Elliot wave counting, PENDLE Coin price is in the fifth and final wave of the upward movement. Since the fifth wave is longer than 0.618 times the length of the first and third waves, reaching an ATH price of $3.3 seems possible.
Popular cryptocurrency analyst Income Sharks suggests that we might see a correction this month before the price hits new highs. If this correction brings closures below $2.4, we could see a drop to the trend support at $1.9.
Render (RNDR)
The hype in the field of artificial intelligence continues, Nvidia profits are looking good, and RNDR Coin is starting a new wave of increase with the ongoing excitement in this area. On the weekly chart, the price has rapidly appreciated since the middle of last year with a five-wave rise. The price jumped at the beginning of the year, confirming the horizontal support area at $3.60, and the fifth wave has begun.
If the rally continues, it could rise up to $8.35 this month. We had specifically shared this outlook for RNDR Coin in February just hours ago.
