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Crypto analyst Jason Pizzino shared the latest updates on four altcoins, including Solana (SOL) and memecoin Pepe (PEPE), in a YouTube video. What points did the analyst highlight?
Analyst’s Comments on Solana and PENDLE
Pizzino, a closely followed crypto analyst, commented on the market outlooks of SOL and PEPE, as well as the derivative platform Pendle (PENDLE) and the decentralized GPU processing blockchain Render (RNDR), to millions of YouTube users.
First, according to Pizzino, Solana continues to perform excellently against the US dollar.
Solana is doing quite well against the USD, with the lowest level and 50% [retracement level] seen at $154, indicating a relatively strong position.
After a 2.81% rise in the last 24 hours, Solana continues to trade at $168.09 at the time of writing.
Following Solana, Pizzino commented on PENDLE, suggesting that the altcoin could have a stronger market position in the next phase of the crypto cycle.
Pendle is still in a relatively strong position… I don’t recommend it going straight up; it might take some time, pause, go down, and then go up. The important thing is that it is still above this main 50%, which potentially makes it a stronger altcoin in the next phase. If it falls, it becomes a weaker altcoin, it’s that simple.
PENDLE continues to find buyers at $7 after a 1.4% rise at the time of writing.
RNDR and PEPE Coin on the Analyst’s Agenda
After these two cryptocurrencies, the analyst turned his attention to RNDR, noting that RNDR does not appear as strong as the other three altcoins but still holds a good position against the US dollar.
Currently, it is still quite good on the chart and against the USD pairing. It is holding at $10, so it is still in a relatively good position.
RNDR continues to trade at $10.12 after a 0.15% rise at the time of writing. RNDR’s 24-hour trading volume reached $237 million after a more than 60% increase.
In his analysis, Pizzino lastly highlighted Pepe, noting that the memecoin could host good trades while also stating that it has a clear upward trend.
[PEPE] is on the rise, but it is still a strong altcoin to watch… Earlier this month, when it started making higher lows, it tested those peaks and then rose from there, so when you find strength in a market, there are great trading opportunities.
After a recent decline, PEPE’s price fell by 2.39%, and it is now at $0.00001617.
PEPE has been hitting ATH for days, suggesting that some investors might be taking profits. Such situations are generally seen in cryptocurrencies considered to be overbought and can be interpreted as a healthy correction.
Nevertheless, investors should closely follow the cryptocurrencies they invest in and the factors affecting the market for their benefit.
