Altcoins
Analyst Jason Pizzino Names Four Powerful Altcoins in the Market, Including Solana (SOL) and Pepe (PEPE)
Crypto analyst Jason Pizzino says he is looking at four altcoins showing signs of strength, among them Solana (GROUND) and the memecoin Pepe (PEPE).
In a new strategy session, Pizzino tell its 327,000 YouTube subscribers who, alongside SOL and PEPE, the Pendle derivatives platform (PENDLE) and decentralized GPU blockchain Render (RNDR) have solid market structures.
According to Pizzino, Solana looks great against the US dollar.
“Solana against USD is holding up very well, we can see the low here and the 50% [retracement level] back down to $154, so still in a relatively strong position.
Source: Jason Pizzino/YouTube
Solana is trading at $162.09 at the time of writing, down 3.3% in the last 24 hours.
Moving on to PENDLE, Pizzino claims that the altcoin could be one of the most powerful tokens during the next stage of the cycle.
“Pendle is still in a relatively strong position…I’m not saying it goes straight up, it could take a while here, pause, come back down and then some more. The main thing is that it is still above this 50%, which could make it a stronger altcoin in the next stage. If it breaks down, a weaker altcoin, it’s that simple.
Source: Jason Pizzino/YouTube
PENDLE is valued at $6.81 at the time of writing.
Pizzino then discusses RNDR, saying the altcoin doesn’t look as strong as the rest of the group, but still holds up well against the US dollar.
“It’s still pretty decent on the chart at the moment and relative to the US dollar pair. I’m just holding on at $10, so I’m still holding up relatively well.
Source: Jason Pizzino/YouTube
RNDR is trading at $10.08 at the time of writing.
Concluding his analysis with the Pepe meme asset, Pizzino claims that memecoin is in a clear upward trend that can present good trading opportunities.
“Although [PEPE is] at the top, it’s still a strong altcoin to watch… Earlier this month, when it started making higher lows, it tested those highs and then took off from there, so [there are] excellent trading opportunities when you find strength in a market.
Source: Jason Pizzino/YouTube
PEPE is trading at $0.000016 at the time of writing.
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Featured image: Shutterstock/Yurchanka Siarhei