CandleFocus Analyst Predicts Massive Collapse for Celestia (TIA), Updates Outlook on FET and Two Additional Altcoins
2024-09-18
Author: Content Editor
The crypto analyst Altcoin Sherpa believes that the price of the modular blockchain network Celestia (TIA) will collapse in the long term, potentially falling below $1. However, he suggests that there may be some short-term price increases before the eventual drop. Market participants are uncertain about the future price action of Celestia due to the unlocking of 175.74 million TIA tokens on October 31st, which could lead to selling pressure from early investors. Altcoin Sherpa also shares his thoughts on other tokens, stating that he is not currently accumulating FET but finds Sui (SUI) to be a good trade in the mid-term. Lastly, he mentions that he has accumulated IO (IO.NET), believing it has flipped a resistance level into support.
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