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Home»ALTCOIN NEWS»Analyst Jason Pizzino named four altcoins that are strong in the market, including Solana (SOL) and Pepe (PEPE).
ALTCOIN NEWS

Analyst Jason Pizzino named four altcoins that are strong in the market, including Solana (SOL) and Pepe (PEPE).

By Crypto FlexsMay 28, 20243 Mins Read
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Analyst Jason Pizzino named four altcoins that are strong in the market, including Solana (SOL) and Pepe (PEPE).
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Crypto analyst Jason Pizzino said four altcoins are showing strength, including Solana (SOL) and memecoin PEPE.

In a new strategy session, Pizzino tells his 327,000 YouTube subscribers that along with SOL and PEPE, derivatives platform Pendle (PENDLE) and decentralized GPU rendering blockchain Render (RNDR) have strong market structures.

According to Pizzino, Solana looks very good against the US dollar.

“Compared to the USD, Solana is holding up quite well. Here you can see the lows and the 50% (retracement level) back to $154, so it is still in a relatively strong position.”

Source: Jason Pizzino/YouTube

Solana is trading at $162.09 at the time of writing, down 3.3% in the last 24 hours.

Moving on to PENDLE, Pizzino said the altcoin could be one of the stronger tokens in the next phase of the cycle.

“Pendle is still in a relatively strong position… I’m not suggesting it rise right away. It may take some time here and you can pause for a moment and then come back down and climb further. Most importantly, it is still exceeding this major 50% mark, which could potentially make it a stronger altcoin in the next phase. If it collapses, the altcoin will be weak. It’s as simple as that.”

Source: Jason Pizzino/YouTube

PENDLE is worth $6.81 at the time of this writing.

Pizzino then mentioned RNDR, saying that while the altcoin does not seem as strong as the rest, it is still holding up well against the US dollar.

“Currently on the charts it is doing pretty well against the US dollar. “If you can survive here with just $10, you can survive relatively well.”

Source: Jason Pizzino/YouTube

RNDR is trading at $10.08 at the time of this writing.

Concluding his analysis of the meme asset Pepe, Pizzino said that memecoins are on a clear upward trend that could provide good trading opportunities.

“(PEPE) has risen, but it is still a strong altcoin to watch… The trade is great because when it started hitting higher lows earlier this month, it tested the highs and then broke away from there. “Opportunities arise when we find strengths in the market.”

Source: Jason Pizzino/YouTube

PEPE is trading at $0.000016 at the time of this writing.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

Featured image: Shutterstock/Yurchanka Siarhei

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