Crypto Updates

Trader Jason Pizzino Says Solana and One Additional Altcoin Will Be First To Break Out Into New Highs This Year

Trader Jason Pizzino Says Solana and One Additional Altcoin Will Be First To Break Out Into New Highs This Year

A closely followed analyst says altcoins showing relative strength amid the latest crypto correction will be the first to print new highs this year.

Analyst Jason Pizzino tells his 108,800 followers on the social media platform X that he’s keeping an eye on altcoins that are printing bullish higher low setups.

“Strong altcoins continue to hold their higher lows. If they hold these levels, they will be the first to break out into new, fresh highs and/or all-time highs in 2H 2024.”

In a video update, Pizzino says he has come up with a list of altcoins that are faring better than others amid the crypto correction. But he says there are two that stand out.

“I’ve got some stronger stuff… Solana is definitely one of those… You have Pendle still holding above its 50% and having a reasonable weekly close here back above the 50% at $5.60.”

Source: Jason Pizzino/YouTube

According to Pizzino, the current altcoin meltdown is giving long-term investors another opportunity to load up on good projects in anticipation of a rally later this year. The trader highlights that deep drawdowns have happened in the past but strong altcoins tend to witness massive gains once the dust settles.

“It’s happened before. We got there in the end. Solana I think is a great one. If you don’t have the belief, have a look back at some of these charts that did drop 80% over the course of four to six months… and then how they have boomed from that time. And that boom can last quite some time.”

 

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

Click Here to Read the Full Original Article at The Daily Hodl…