An analyst with a large following says that altcoin projects showing relative strength amid the recent correction will be the first to print new highs this year. In this context, the analyst is hopeful for 2 altcoins. Elsewhere, the popular analyst nicknamed Crypto Capo is bullish on Solana and Render. Both analysts have a common opinion on SOL.
Jason Pizzino: SOL and PENDLE are doing better than others!
As you have been following on Kriptokoin.com, the market is struggling to recover from the recent drop. Developments around the leading altcoin Ethereum are lending some support to this move. Amid these developments, Analyst Jason Pizzino says he is following altcoins that are showing a bullish trend. In this context, the analyst said, “Strong altcoins continue to hold their higher lows. If they hold these levels, they will be the first to break out to new highs and/or all-time highs in the second half of 2024.”
Pizzino says he has compiled a list of altcoins that are doing better than others amid the crypto correction. But he says there are two that stand out. Accordingly, the analyst said, “I have some strong stuff. Solana is definitely one of them … PENDLE still stands above 50%. It also makes a reasonable weekly close above 50% with $ 5.60 here.”
“I think Solana is great!”
According to Pizzino, the current altcoin meltdown gives long-term investors another opportunity to load up on good projects in anticipation of a rally later this year. The analyst emphasizes that there have been deep declines in the past, but strong altcoins tend to witness big gains after the dust settles. In this context, Pizzino shares the following assessment:
It’s happened before. I think Solana is great. If you don’t have faith, take a look at some of these charts that dropped 80% in four to six months… and see how they’ve exploded since then. And that boom can last quite a long time.
Crypto Capo is bullish on these 2 altcoin projects!
Crypto Capo, an analyst known for his bearish stance, says that leading altcoin Ethereum’s rival Solana and RNDR, a graphics processing unit (GPU) processing blockchain, are likely in a bull trend. Accordingly, the analyst notes that he added more to his SOL and RNDR longs. The analyst also monitors the three-day OTHERS chart, which tracks the total market capitalization of the top 10 digital assets and cryptocurrencies excluding stbalecoins, for signs of a bounce. In this context, the analyst makes the following statement:
Altcoins: green zone is support but we should see a bounce soon. If green holds, we should expect a move towards the red zones (T1 and T2.) If green doesn’t hold, then blue. Looking at sentiment and indicators, I think the bullish scenario is more likely.
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