Crypto Analyst Shares Insights on Four Altcoins

Crypto Analyst Shares Insights on Four Altcoins

Crypto analyst Jason Pizzino shared his perspectives on four altcoins in a YouTube video, including Solana (SOL) and memecoin Pepe (PEPE). Here are the key takeaways from his analysis:

Solana and PENDLE

Pizzino highlighted Solana's strong performance against the US dollar, with a support level at $154. He noted:

"Solana is doing quite well against the USD, with the lowest level and 50% [retracement level] seen at $154, indicating a relatively strong position."

At the time of writing, Solana trades at $168.09 after a 2.81% increase in the last 24 hours.

Regarding PENDLE, Pizzino suggested it could gain market strength in the next crypto cycle:

"Pendle is still in a relatively strong position... I don't recommend it going straight up; it might take some time, pause, go down, and then go up. The important thing is that it is still above this main 50%, which potentially makes it a stronger altcoin in the next phase. If it falls, it becomes a weaker altcoin, it's that simple."

PENDLE trades at $7 after a 1.4% rise.

RNDR and PEPE Coin

Pizzino noted that RNDR is not as strong as the other three altcoins but maintains a good position against the US dollar:

"Currently, it is still quite good on the chart and against the USD pairing. It is holding at $10, so it is still in a relatively good position."

RNDR trades at $10.12 after a 0.15% rise, with a 24-hour trading volume of $237 million.

Finally, Pizzino highlighted Pepe's upward trend and potential trading opportunities:

"[PEPE] is on the rise, but it is still a strong altcoin to watch... Earlier this month, when it started making higher lows, it tested those peaks and then rose from there, so when you find strength in a market, there are great trading opportunities."

Despite a recent decline of 2.39%, PEPE trades at $0.00001617. Its recent all-time highs indicate profit-taking by investors, which is a healthy correction.

Investors are advised to monitor their investments and the market factors that influence their performance.