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

May 28, 2024
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Crypto analyst Jason Pizzino says he’s taking a look at 4 altcoins flashing indicators of power, which embrace Solana (SOL) and the memecoin Pepe (PEPE).

In a brand new technique session, Pizzino tells his 327,000 YouTube subscribers that alongside SOL and PEPE, derivatives platform Pendle (PENDLE) and decentralized GPU rendering blockchain Render (RNDR) have strong-looking market buildings.

In line with Pizzino, Solana appears nice towards the US greenback.

“Solana towards USD is holding up fairly rattling properly, we are able to see the low right here and the 50% [retracement level] again down at $154, so nonetheless in a comparatively robust place.”

Supply: Jason Pizzino/YouTube

Solana is buying and selling for $162.09 at time of writing, a 3.3% lower over the past 24 hours.

Shifting on to PENDLE, Pizzino says the altcoin may very well be one of many stronger tokens through the subsequent stage of the cycle.

“Pendle remains to be in a comparatively robust place… I’m not suggesting that it goes straight up, it might take a while right here, pause, come again down, and above. The principle factor is it’s nonetheless above this main 50%, which probably leads it to be a stronger altcoin come the subsequent stage. If it breaks down, weaker altcoin, that easy.”

Supply: Jason Pizzino/YouTube

PENDLE is valued at $6.81 at time of writing.

Pizzino then brings up RNDR, saying the altcoin doesn’t look as robust as the remainder of the bunch, however that it’s nonetheless holding up properly towards the US greenback.

“Nonetheless fairly first rate on the chart in the mean time and towards the US greenback pairing. Simply holding out right here at $10 bucks, so nonetheless holding up comparatively properly.”

Supply: Jason Pizzino/YouTube

RNDR is buying and selling for $10.08 at time of writing.

Concluding his evaluation with meme asset Pepe, Pizzino says the memecoin is in a transparent uptrend which will current good buying and selling alternatives.

“Though [PEPE is] up, it’s nonetheless a powerful altcoin to take a look at… Earlier this month, when it began to place in larger lows, it examined these tops after which took off from there, so [there are] nice buying and selling alternatives while you discover power in a market.”

Supply: Jason Pizzino/YouTube

PEPE is buying and selling for $0.000016 at time of writing.

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Disclaimer: Opinions expressed at The Every day Hodl usually are not funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any losses you could incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in affiliate marketing online.

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Tags: AltcoinsAnalystIncludingJasonMarketNamesPEPEPizzinoSOLSolanaStrong
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