Crypto Analyst Altcoin Sherpa Predicts Celestia (TIA) Will Collapse in Price, Says He's Not Accumulating Fetch.ai (FET)

Pseudonymous analyst Altcoin Sherpa tells his 222,800 followers on the social media platform Twitter that TIA will plunge to below $1 eventually

A popular crypto analyst is sharing his thoughts on the future price trajectory of four digital assets: Celestia (TIA), Fetch.ai (FET), Sui (SUI) and IO (IO).

Pseudonymous analyst Altcoin Sherpa tells his 222,800 followers on the social media platform X that TIA will eventually drop to below $1, although he adds that the asset may experience some “random short squeezes” before that.

“Psyops would be to pump price going into unlocks so all early shorters get rekt; plebs buy this thing and chase, and seed investors slowly get to dump. Wouldn’t hold this thing for a long time, but I’d probably lean towards longing it in the short term? Probabaly grab an entry around 4.60ish-4.40?”

TIA is preparing to unlock 175.74 million tokens on October 31st, an event that has left market participants guessing which way the price will move. A token unlock adds more coins to the circulating supply, which could put downward pressure on the price if early investors decide to sell their holdings.

TIA is valued at $4.65 at the time of writing, a fraction lower over the past 24 hours.

Altcoin Sherpa also says he’s not currently buying FET, the native token of the Artificial Superintelligence Alliance, an artificial intelligence (AI)-focused project.

“I think looks good but I am not personally buying here. S/R (support/resistance) level 200-day EMA (expontential moving average) that’s acted as resistance. Happy to buy this higher though because breaking the $1.48 area would mean a higher high/shift in trend.”

FET is trading at $1.26 at the time of writing and is down more than 2% in the past 24 hours.

Conversely, the analyst thinks layer-1 blockchain Sui (SUI) is a “decent one to trade.”

“Don’t think much about it long term given unlocks/everything else but in the mid-term it looks like you should only be longing this thing. Higher low 1-day EMAs all strong.”

SUI is valued at $1.02 at the time of writing and is down 1.74% in the past 24 hours.

Altcoin Sherpa also notes that he accumulated IO, the native token of the decentralized computing network IO.NET, at $1.76. The trader shares a chart suggesting that IO has flipped a former resistance level into support.

IO is trading at $1.73 at the time of writing.

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