Despite the volatility in the crypto market this year, some notable altcoin projects are back on the agenda. Analysts see significant bullish signals, especially for Pendle (PENDLE), Solana (SOL), and Dogecoin (DOGE). In addition, veteran analyst Rekt Capital shares positive views on the future price movements of these projects. Pendle, in particular, draws attention with its potential to enter a new uptrend. Here are analyst views and details…
First Altcoin on Analyst’s List: Pendle (PENDLE) on the Verge of a New Uptrend
Analyst Rekt Capital is evaluating the positive movements that Pendle has shown in recent weeks. The analyst specifically stated that it has formed an inverse head-and-shoulders formation. According to him, this structure will increase buyer demand and start an increase. In recent weeks , Pendle has broken the $4.48 level, turning it from resistance to support, and maintaining this level is critical for the rise.
The veteran expects the upward movement to continue if Pendle maintains the $ 4.48 level as support. However, Pendle, which is currently trading at $ 5.04, has increased by more than 9 percent on a daily basis. Analysts say that this strong technical view will support the uptrend. Investors are closely following these developments for the altcoin.
Solana is in the 2nd place of the list. SOL broke through two resistances and became support.
Solana is also on the analysts’ radar. Rekt Capital states that SOL broke two major resistance levels and turned them into support. Solana gave bullish signals by closing the week above the blue trend line and the red box. This indicates that the altcoin project could start a potential rally.
SOL is currently trading at $179.77. It also continues to attract investors. This successful support reversal is a positive development for SOL in the eyes of analysts. However, investors believe that this resistance-support reversal provides a strong foundation for future price increases. As we reported at Kriptokoin.com, expectations are quite high for Solana.
The Last Altcoin on the List is Dogecoin. DOGE Raised Target to $0.20
Finally, popular memecoin Dogecoin is also showing positive signals. DOGE successfully retested the $0.14 level as support and has surged 26% from there. Analyst Rekt Capital believes that DOGE is heading towards the $0.20 target and notes that price action is moving in this direction.
DOGE is currently trading at $0.175 and is attracting the attention of investors. Analysts state that the price movements of the altcoin project are technically giving strong signals and investors are following this process.
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