An expert analyst predicts that altcoins showing strength during the recent crypto correction will be the first to reach new highs this year.
Jason Pizzino, the analyst, shares with his 108,800 followers on X that he is closely monitoring altcoins that are forming bullish higher low patterns.
“Resilient altcoins are maintaining their higher lows. If they can sustain these levels, they are likely to be the first to break out to new highs or even all-time highs in the second half of 2024.”
In a recent video update, Pizzino reveals that he has compiled a list of altcoins that are performing well despite the market correction, with two standing out from the rest.
“I have identified some strong contenders… Solana is definitely one of them… Pendle is also holding above its 50% mark and showing a solid weekly close above $5.60.”
According to Pizzino, the current dip in altcoins presents a buying opportunity for long-term investors looking to capitalize on potential gains later in the year. He emphasizes that while deep corrections have occurred before, resilient altcoins have historically surged once the market stabilizes.
“We’ve seen this before. We’ll get through this. Solana, in my opinion, is a standout. If you have doubts, just look at charts of coins that dropped 80% over a few months… and then soared afterward. Those gains can be significant and long-lasting.”
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