Analyst Jason Pizzino Identifies Solana (SOL) and Pepe (PEPE) Among Four Promising Altcoins in the Market
Crypto analyst Jason Pizzino believes that four altcoins are showing signs of strength in the market. These altcoins include Solana (SOL), Pepe (PEPE), Pendle (PENDLE), and Render (RNDR).
Pizzino, with a following of 327,000 YouTube subscribers, shares his insights in a recent strategy session. He highlights Solana and Pepe as two altcoins with strong market structures.
Solana, in particular, is performing well against the US dollar. Pizzino notes that it is holding up strongly, with a retracement level of 50% at $154. This indicates that it is in a relatively strong position.
At the time of writing, Solana is trading at $162.09, experiencing a 3.3% decrease within the last 24 hours.
Moving on to Pendle, Pizzino suggests that this altcoin could be one of the stronger tokens in the next cycle. Although he anticipates some pauses and retracements, Pendle remains above a major 50% level, indicating its potential strength.
Pendle is currently valued at $6.81.
Pizzino then turns his attention to Render, stating that it is not as strong as the other altcoins but is still holding up well against the US dollar. He notes that it is currently trading at $10 and is showing decent performance.
At the time of writing, Render is trading at $10.08.
Lastly, Pizzino discusses the meme asset Pepe. He recognizes that Pepe is in a clear uptrend and presents good trading opportunities. He highlights the importance of identifying strength in a market, as demonstrated by Pepe’s recent higher lows and subsequent upward movement.
Pepe is currently trading at $0.000016.
In conclusion, Pizzino identifies these four altcoins as potentially strong assets in the market. However, it is important for investors to conduct their own research and due diligence before making any investment decisions in the volatile cryptocurrency market.