Altcoin Sherpa, a well-known crypto trader and analyst, believes that Solana (SOL) is poised for a strong finish in 2024. With a healthy market structure, Altcoin Sherpa predicts a breakout for SOL before the end of the year. According to the analyst, SOL’s previous price action and defense of key levels indicate its potential for growth. Despite the possibility of a temporary drop to $100, Altcoin Sherpa expects SOL to trade between $120 and $170 before experiencing a strong rally in the fourth quarter. This suggests that SOL still has room for growth.

In terms of Celestia (TIA), the native asset of the modular blockchain network, Altcoin Sherpa suggests that it may retest a Fibonacci retracement level at $5.80, representing a decline of over 9% from its current value. The analyst remains patient and hopes to see TIA fill in the green box.

Lastly, Altcoin Sherpa discusses Render (RNDR), a graphics processing unit (GPU) rendering blockchain. The analyst believes that RNDR may be forming a market bottom and could consolidate within a range of $6.10 to $7.50. Despite being below the 200-day exponential moving average (EMA), RNDR is currently at a key Fibonacci region at the .618 level. Altcoin Sherpa expects RNDR to experience more price volatility before potentially establishing a longer-term bottom.

At the time of writing, Solana is trading at $136, down nearly 3% in the last 24 hours. Celestia is trading at $6.38, down nearly 7% in the last 24 hours. Render is trading at $6.03, down 6.7% in the last 24 hours.

It’s important to note that the opinions expressed in this article are not investment advice. Investors should conduct their own research and exercise caution when investing in cryptocurrencies or digital assets. The Daily Hodl does not endorse or recommend specific investments, and any losses incurred are the responsibility of the individual investor.