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These three altcoins have the potential to reach historical highs.
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These three altcoins have the potential to reach historical highs.

Feb 2, 2024

Since the beginning of November 2023, the price of TIA has been gradually rising along the ascending support line. The altcoin rose to its historical maximum of $20.40 on January 15, 2024, but after that it began to decline.

On January 23, the exchange rate of this cryptocurrency bounced back, confirming the ascending support line and the horizontal support area at $14.40.

If momentum continues to strengthen, Celestia could rise 43% to the next resistance at $24.60. However, a break in the upward support could lead to a 16% decline to $14.40.

PENDLE continues its parabolic growth.

The PENDLE price has been rising along the parabolic ascending support line since August 2023. According to wave analysis, the altcoin is in its fifth and final wave of upward movement. Since the length of the fifth wave exceeds the length of the first and third waves by 0.618 times, it is assumed that it will be equal to the total length of the two previous waves.

If the growth continues, PENDLE could reach a new historical high at $3.30, which is 15% higher than the current price. However, a close below $2.40 may cause a 25% decline to the level of the ascending support line at $1.90.

Render (RNDR) completes its five-wave movement.

Analysis of the weekly timeframe shows that the RNDR continues to grow within its five-wave upward movement since June 2023.

At the beginning of this year, the altcoin price confirmed the horizontal support area at $3.60 and began its fifth wave. If this analysis is correct, the RNDR may expand to $8.35, which is 75% higher than the current price and will become a new historical high.

It should be noted that closing the price below the $3.60 level will invalidate this analysis, and the RNDR may fall by 50%, reaching the nearest support at $2.40.

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