A respected crypto analyst recently shared insights on an AI-focused altcoin, as well as updates on decentralized finance platform Injective (INJ) and memecoin Pepe (PEPE).
In a fresh video update, popular crypto trader Jason Pizzino informed his 328,000 YouTube followers that while GPU rendering blockchain Render (RNDR) appears strong against the US dollar, there may still be a potential price dip.
“Render versus USD has shown some positive movement with a higher low forming. Even if there is a breakdown, it remains in a relatively strong position compared to other cryptocurrencies.” Render is currently priced at $8.44, reflecting a 9.16% decrease in the last 24 hours.
Shifting focus to layer-1 blockchain Injective, Pizzino mentioned that he is anticipating a possible reset against Bitcoin (BTC).
“Injective is catching my eye… I am observing a potential reset here. For confirmation, I would look for movement above the 50% level on the INJ/BTC chart, with invalidation below the recent lows.” INJ is currently trading at $30.55, marking a 6% decrease for the day.
Wrapping up his analysis with memecoin Pepe, Pizzino noted that the frog-themed token is demonstrating strength compared to other memecoins.
“Another asset showing relative strength is the meme coin Pepe. Despite some pump and dumps in other cryptocurrencies, Pepe has broken higher, indicating potential further strength.” PEPE is priced at $0.000012, reflecting a 12% drop in the last 24 hours.
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