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Home»ALTCOIN NEWS»Crypto Trader says Solana rivals form suitable trading setups and updates outlook for Pepe, Ethena and Celestia.
ALTCOIN NEWS

Crypto Trader says Solana rivals form suitable trading setups and updates outlook for Pepe, Ethena and Celestia.

By Crypto FlexsApril 21, 20243 Mins Read
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Crypto Trader says Solana rivals form suitable trading setups and updates outlook for Pepe, Ethena and Celestia.
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A widely respected cryptocurrency strategist says a competitor to Solana (SOL) may be preparing for a breakout.

Pseudonymous analyst Altcoin Sherpa says 215,200 followers on social media platform

“Coins like SEI are in critical territory. The overall increase in the 200-day exponential moving average (EMA) is .618 Fibonacci level. If you like the technology, this might be a good place to bid. I personally would stay away from this, but it could be a decent deal. There will obviously be a heavy reliance on BTC.”

Source: Altcoin Sherpa/X

SEI is trading at $0.56 at the time of this writing, up more than 4% in the last 24 hours.

Next is the analyst Called memecoin Pepe (PEPE) may have found a market bottom after a correction.

“PEPE: It looks really scary, but many altcoins are at some decent support levels. Let’s see if they can hold out.”

video
Source: Altcoin Sherpa/X

Pepe is trading at $0.00000551 at the time of writing, up 1% in the last 24 hours.

Next is the analyst Called The governance token of decentralized finance protocol Ethena (ENA) could find support at the $0.938 level and begin a rebound.

“ENA: I bought more today. I like this level and it hasn’t moved too much considering BTC volatility. “I don’t know if I will be disciplined or if this will be a good thing.”

video
Source: Altcoin Sherpa/X

Athena is trading at $0.98, up more than 8% in the last 24 hours.

Finally, the analyst Called A bullish pattern of higher lows may be forming on the 4-hour chart of Celestia (TIA), a blockchain designed to make it easy and cheap for anyone to start their own decentralized network.

“TIA: Let’s be honest, if you have balls of steel, you’ll probably admire TIA around here. We don’t know if the snapshot has already been taken, and this is only a short-term bull run (April 16), but if the pump has any sustainability, now would be a good time to get in. “Looking at the reaction of coins like TIA, which showed strength on April 16th, would be a good way to see how the overall market is doing.”

video
Source: Altcoin Sherpa/X

TIA is trading at $10.82 at the time of this writing, up nearly 8% in the last 24 hours.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and that you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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