These 3 Altcoins Could Reach All-Time Highs in February

Momentum Could Lead Celestia (TIA) to New High

TIA price has been increasing along an ascending support line since early November 2023. On January 15, 2024, it reached an all-time high of $20.40, and then started to decline.

On January 23, the altcoin price rebounded, confirming the ascending support line and the horizontal support area at $14.40.

Source: TradingView

If the momentum continues to strengthen, Celestia could see a 43% rise to the next resistance level at $24.60. However, if the ascending support line breaks, it could trigger a 16% drop to $14.40.

PENDLE continues its impressive growth

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

Source: TradingView

If the growth continues, PENDLE could reach a new all-time high of $3.30, which is 15% higher than the current price. However, a close below $2.40 could trigger a 25% decline towards the rising support line at $1.90.

Render (RNDR) completes its five-wave movement

Analysis of the weekly timeframe shows that RNDR has been experiencing a five-wave upward movement since June 2023.

At the beginning of the year, the altcoin price rebounded, confirming the support level at $3.60 and initiating the fifth wave. If the calculations are correct, it could potentially reach $8.35, marking a 75% increase from the current price and setting a new all-time high.

Source: TradingView

Despite this bullish outlook, if the price closes below $3.60, it would invalidate the calculation. In that case, RNDR could experience a 50% decline to immediate support at $2.40.

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