Crypto analyst Altcoin Sherpa made remarkable comments about 3 altcoin projects.
Famous crypto analyst Altcoin Sherpa’s target included Fantom (FTM), Artificial Superintelligence Alliance (FET) and Celestia (TIA).
Analyst Predicts Modular Blockchain Network Celestia Will Lose Major Value in the Long Term
Sherpa told his 222,800 followers on social media platform X that the TIA price will likely fall below $1 in the long term, but that there could be some “random short squeezes” along the way.
Sherpa stated that “Prior to the unlock process, the price may exhibit an upward movement and cause losses to those who took short positions in the early period, and small investors may follow this situation and push the price even higher.”
However, he added that he does not plan to hold this asset in the long term and may look for an entry point at $4.60-$4.40 in the short term.
Celestia is expected to have 175.74 million TIAs in circulation on October 31, a development that could create selling pressure among early investors.
However, the experienced name shared that FTM's chart looks very strong despite all the troubles and that he will evaluate it by buying in case of a possible decline.
Additionally, Altcoin Sherpa noted that he is currently not accumulating Artificial Superintelligence Alliance (FET), an AI-focused project:
Although the outlook is positive, I am not buying at the moment. Support/resistance levels and the 200-day exponential moving average are acting as resistance. However, a break of $1.48 would indicate a change in trend and I would buy at that point.
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