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Home»ALTCOIN NEWS»Trader Jason Pizzino said Solana and additional altcoins could hit new highs for the first time this year.
ALTCOIN NEWS

Trader Jason Pizzino said Solana and additional altcoins could hit new highs for the first time this year.

By Crypto FlexsJune 19, 20242 Mins Read
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Trader Jason Pizzino said Solana and additional altcoins could hit new highs for the first time this year.
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Altcoins showing relative strength amid the latest cryptocurrency correction are likely to hit record highs for the first time this year, a closely watched analyst said.

Analyst Jason Pizzino told his 108,800 followers on social media platform X that he is keeping an eye on the bullish altcoin.

“Powerful altcoins continue to maintain higher lows. “If this level holds, we could see the first new fresh highs and/or all-time highs in the second half of 2024.”

In a video update, Pizzino said that he has compiled a list of altcoins that are performing better than others during the cryptocurrency correction. But he says there are two things that stand out.

“There are some that are a little stronger… Solana is definitely one of them… Pendle is still above 50% and has a reasonable weekly close above 50% at $5.60.”

Source: Jason Pizzino/YouTube

According to Pizzino, the current altcoin crash is giving long-term investors another opportunity to invest in good projects in anticipation of a rebound later this year. Traders highlight that while big declines have occurred in the past, powerful altcoins tend to post huge gains once things calm down.

“It’s happened before. We eventually got there. I think Solana is really good. If you don’t believe her, look back at some of the charts she’s seen down 80% over a 4-6 month period and see how the charts were booming back then. And that boom could last for quite some time.”

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