An analyst with a large following says altcoins that showed relative strength amid the recent correction will be the first altcoins to hit new highs this year. In this context, the analyst speaks hopeful for 2 altcoins. Elsewhere, a popular analyst going by the pseudonym Crypto Capo is bullish on Solana and Render. Both analysts have a common opinion on SOL.
Jason Pizzino: SOL and PENDLE are doing better than the rest!
cryptokoin.comAs you follow from , the market is struggling to recover from the recent decline. Developments around the leading altcoin Ethereum lend some support to this move. Amid these developments, Analyst Jason Pizzino says he is following altcoins that are trending upward. In this context, the analyst said, “Strong altcoins continue to maintain higher lows. “If they maintain these levels, they will be the first to break new highs and/or all-time highs in the second half of 2024.” says.
Pizzino notes that he has compiled a list of altcoins that are doing better than others amid the crypto correction. But he says there are two that stand out. In this regard, the analyst said, “I have some strong holdings… Solana is definitely one of them… PENDLE is still above 50%. “It also has a decent weekly close of over 50% here at $5.60.” says.
“I think Solana is great!”
According to Pizzino, the current altcoin meltdown gives long-term investors another opportunity to load up on good projects in anticipation of a rally later this year. The analyst emphasizes that there have been deep declines in the past, but strong altcoins tend to witness major gains once the dust settles. In this context, Pizzino shares the following assessment:
It’s happened before. We finally got there. I think Solana is great. If you’re a believer, take a look at some of these charts, which dropped 80% in four to six months… and see how they’ve exploded since then. And this explosion can last quite a long time.
Crypto Capo is on the rise for these 2 altcoins!
The analyst, nicknamed Crypto Capo, whom we know with his bear stance, says that Solana, the rival of the leading altcoin Ethereum, and RNDR, the graphics processing unit (GPU) processing Blockchain, are probably in a bull trend. In this regard, the analyst states that he added more to his SOL and RNDR longs. The analyst is also watching the three-day OTHERS chart, which tracks the total market cap of cryptocurrencies excluding the top 10 digital assets and stbalecoins, for signs of a rebound. In this context, the analyst makes the following statement:
Altcoins: green zone support but we should see a bounce soon. If it holds green, we should expect a move towards the red zones (T1 and T2.) If it doesn’t hold green, then blue. Looking at sentiment and indicators, I think a bullish scenario is more likely.
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