Analyst Jason Pizzino Names Four Strong Altcoins in the Market Including Solana (SOL) and Pepe (PEPE)

Crypto analyst Jason Pizzino has identified four altcoins displaying bullish signals, including Solana (SOL) and the memecoin Pepe (PEPE).

During a recent strategy session, Pizzino shared his insights with 327,000 YouTube subscribers. He mentioned that in addition to SOL and PEPE, derivatives platform Pendle (PENDLE) and decentralized GPU rendering blockchain Render (RNDR) also exhibit strong market structures.

According to Pizzino, Solana has shown resilience against the US dollar.

"Solana against USD is holding up pretty damn well, we can see the low here and the 50% [retracement level] back down at $154, so still in a relatively strong position."

Solana is currently trading at $/uploads/20240528/17168766536655756d04a42.png.09, representing a 3.3% decrease over the past 24 hours.

Moving on to PENDLE, Pizzino believes it has the potential to emerge as a strong performer during the next cycle.

"Pendle is still in a relatively strong position… I'm not suggesting that it goes straight up, it could take some time here, pause, come back down, and above. The main thing is it's still above this major 50%, which potentially leads it to be a stronger altcoin come the next stage. If it breaks down, weaker altcoin, that simple."

PENDLE is currently valued at $6.81.

Pizzino also mentioned RNDR, stating that while it may not be as strong as the others, it is still holding up well against the US dollar.

"Still pretty decent on the chart at the moment and against the US dollar pairing. Just holding out here at $10 bucks, so still holding up relatively well."

RNDR is currently trading at $10.08.

Finally, Pizzino discussed Pepe, emphasizing its clear uptrend and potential trading opportunities.

"Although [PEPE is] up, it's still a strong altcoin to have a look at… Earlier this month, when it started to put in higher lows, it tested those tops and then took off from there, so [there are] great trading opportunities when you find strength in a market."

PEPE is currently trading at $0.000016.

Source: https://thebittimes.com/analyst-jason-pizzino-names-four-strong-altcoins-in-the-market-including-solana-sol-and-pepe-pepe-tbt90064.html