Analyst Jason Pizzino believes that altcoins showing strength during the recent market correction will lead the charge in reaching new highs this year.
Solana and Pendle on the Radar
Pizzino has identified two altcoins that he believes are particularly promising:
- Solana (SOL): Despite the recent downturn, SOL has maintained its higher lows.
- Pendle (PENDLE): PENDLE has also held above its 50% level and has a strong weekly close.
Long-Term Opportunity for Investors
Pizzino sees the current market conditions as an opportunity for long-term investors to accumulate quality altcoins in anticipation of a rally later in the year. He points to historical examples of strong altcoins rebounding from deep drawdowns.
Key Takeaways
- Altcoins showing strength during the correction are likely to lead the market in breaking out into new highs.
- Solana and Pendle are two altcoins that Pizzino believes have strong potential.
- Long-term investors should consider accumulating altcoins at current levels for potential gains in the future.
