After the Bitcoin halving event, the crypto market continues to search for a direction. In this environment, analysts and experts are trying to find some clues by looking from a historical perspective or reading indicators. Popular market analyst Jason Pizzino also assessed the post-halving landscape. The analyst explored the driving forces behind Bitcoin and cryptocurrencies in the current situation. In this regard, the analyst also focused on leading altcoin competitors Solana (SOL) and Cardano (ADA Coin). As a result, Pizzino spoke positively about the 4 altcoins, although he was not hopeful for ADA Coin.
Jason Pizzino: Look at these 4, not ADA Coin!
The analyst first looks at leading altcoin Ethereum rival Cardano (ADA Coin). Pizzino highlights its struggle to overcome resistance despite significant price drops. However, he notes that despite its significant drop, Cardano (ADA Coin) has not shown the same resilience as the other altcoins on the list. Jason Pizzino then lists 4 altcoins that he considers useful to have in the basket.
The first altcoin is Solana (SOL)
The analyst considers Solana notable for its strong performance and technical indicators. Pizzino highlights SOL’s above-average performance compared to other cryptocurrencies. Accordingly, he emphasizes Solana’s position relative to Bitcoin. The analyst commends Solana for exhibiting higher swing lows and positioning above the 50% level and the 2022 and 2023 accumulation ranges. These factors show strength and resilience in the face of market volatility, he said.
We continue the list with Pendle ( PENDLE)
Jason Pizzino sees promising signs of growth at Pendle after Solana. The analyst says that similar to Solana, Pendle is also exhibiting higher swing lows. He also notes that the altcoin is positioned above the 50% level and accumulation ranges on its chart against Bitcoin. According to the analyst, these indicators show that Pendle is maintaining its strength. It also means that it is potentially poised for further upside movement.
Casper (CSPR) is also a good option for the basket!
Casper is a fairly new altcoin project. Despite this, the analyst says that Casper has held its ground amid market volatility. After all, CSPR has shown resilience by staying above accumulation ranges and higher lows despite being below the 50% level. The analyst notes that Casper’s ability to maintain its position despite facing challenges points to underlying strength. Meanwhile, CSPR was trading at $0.0327 at the time of writing, up 3.7% on the day.
At the bottom of the list is an artificial intelligence coi: Fetch.ai (FET)
The analyst considers Fetch.ai as an altcoin with strong fundamentals. However, he also notes that it could be subject to speculation. Looking at the technical picture, the analyst says that FET is showing signs of strength, including positioning above the 50% levels, accumulation ranges and oscillating bottoms. According to the analyst, these factors point to resilience and the potential for sustainable growth. Meanwhile, FET was trading up 2.2% at $2.46 on its daily chart at the time of writing.
The views and forecasts in the article are those of the analyst and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.
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