An analysis closely followed by many suggests that altcoins demonstrating strength during the recent crypto correction are likely to be the first to reach new highs this year. Jason Pizzino, the analyst, shares with his 108,800 followers on the social media platform X that he is keeping a close watch on altcoins that are forming bullish higher low patterns.

“Strong altcoins are maintaining their higher lows. If they can sustain these levels, they are poised to break out into new highs and possibly reach all-time highs in the second half of 2024.”

In a recent video update, Pizzino reveals that he has identified a list of altcoins that are performing better than others amidst the crypto correction. However, he highlights two in particular that are standing out.

“I have identified some strong contenders… Solana is definitely one of them… Pendle is also showing strength by holding above its 50% level and closing above $5.60 for the week.”

According to Pizzino, the current dip in altcoins provides a new opportunity for long-term investors to accumulate promising projects in anticipation of a future rally. He points out that while there have been significant downturns in the past, resilient altcoins tend to experience substantial gains once the market stabilizes.

“We have seen this before. We eventually get there. Solana, in my opinion, is a standout. If you have doubts, just look at charts of assets that dropped 80% over a few months… and how they rebounded significantly from that point. This upward trend can last for a considerable period.”

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