Crypto analyst Jason Pizzino has identified four altcoins that are showing signs of strength in the market. These altcoins include Solana (SOL), Pepe (PEPE), Pendle (PENDLE), and Render (RNDR).
Pizzino believes that Solana is performing well against the US dollar, stating, “Solana against USD is holding up pretty well, with a strong support level at $154.”
Solana’s current price is $162.09, experiencing a 3.3% decrease in the last 24 hours.
Moving on to Pendle, Pizzino suggests that it could be one of the stronger tokens in the upcoming market cycle. He notes, “Pendle is still in a relatively strong position. It may take some time for it to rise, but as long as it remains above the major 50% level, it has the potential to be a strong altcoin in the future.”
Pendle’s current value is $6.81.
Pizzino then discusses Render, stating that it may not be as strong as the other altcoins but is still holding up well against the US dollar. He says, “Render is still holding up relatively well at $10.08.”
Lastly, Pizzino analyzes the meme asset Pepe, mentioning that it is in an uptrend and could present good trading opportunities. He explains, “Despite its recent gains, Pepe is still a strong altcoin to consider. It has shown higher lows and tested those highs, indicating potential trading opportunities when there is strength in the market.”
Pepe is currently trading at $0.000016.
It is important to note that the opinions expressed in this analysis are not investment advice, and investors should conduct their own research before making any high-risk investments in cryptocurrencies or digital assets.
