An anonymous cryptocurrency analyst who accurately forecasted Bitcoin 
$72,638‘s correction movement states that the decentralized finance (DeFi) altcoin Pendle (PENDLE) is poised for a significant breakout. Rekt Capital, the crypto analyst, emphasizes the potential for PENDLE, the native asset of the yield tokenization protocol, citing a recent retest of the neckline of an inverse head and shoulders pattern on the weekly chart. This technical formation indicates that the altcoin is in a strong position for upward movement.
Analysis of Pendle (PENDLE)
Rekt Capital notes, “Technically, PENDLE made a strong weekly close above $4.48.” The analyst explains that PENDLE surpassed a blue resistance level two weeks ago and successfully retested it as support last week. Maintaining this level will be crucial in the coming week.
Current Status of Solana (SOL)
Rekt Capital also highlights that the layer-1 blockchain protocol Solana 
$176 has tested two critical resistance levels as support and foresees that SOL may continue its upward trajectory. The analyst comments, “SOL provided a strong signal by closing above the blue diagonal trend line and the red resistance area on the weekly chart. It appears that the retest following this breakout has been successful.”
Dogecoin (DOGE) Approaches Target
The analyst further indicates that Dogecoin 
$0.172876 (DOGE) is exhibiting constructive price movement, targeting the $0.20 level. Rekt Capital remarks, “DOGE tested the red line at $0.14 as support and then registered a 26% increase. It is currently following the trajectory we predicted.”
In the market status, Pendle (PENDLE) is trading at $5.04, reflecting a 9% increase in the last 24 hours. Solana (SOL) is priced at $179.77, while Dogecoin (DOGE) hovers around $0.175. Rekt Capital’s analyses suggest that cryptocurrency investors should focus on altcoins like PENDLE, SOL, and DOGE while emphasizing the importance of closely monitoring market volatility and prioritizing risk management.
