{"id":3579,"date":"2024-06-19T03:02:41","date_gmt":"2024-06-19T03:02:41","guid":{"rendered":"https:\/\/solanacrypto.news\/2024\/06\/19\/trader-jason-pizzino-says-solana-and-one-additional-altcoin-will-be-first-to-break-out-into-new-highs-this-year\/"},"modified":"2024-06-19T03:02:41","modified_gmt":"2024-06-19T03:02:41","slug":"trader-jason-pizzino-says-solana-and-one-additional-altcoin-will-be-first-to-break-out-into-new-highs-this-year","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2024\/06\/19\/trader-jason-pizzino-says-solana-and-one-additional-altcoin-will-be-first-to-break-out-into-new-highs-this-year\/","title":{"rendered":"Trader Jason Pizzino Says Solana and One Additional Altcoin Will Be First To Break Out Into New Highs This Year"},"content":{"rendered":"
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A closely followed analyst says altcoins showing relative strength amid the latest crypto correction will be the first to print new highs this year.<\/p>\n

Analyst Jason Pizzino tells<\/a> his 108,800 followers on the social media platform X that he\u2019s keeping an eye on altcoins that are printing bullish higher low setups.<\/p>\n

\u201cStrong 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.\u201d
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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.<\/p>\n

\u201cI\u2019ve got some stronger stuff\u2026 Solana is definitely one of those\u2026 You have Pendle still holding above its 50% and having a reasonable weekly close here back above the 50% at $5.60.\u201d<\/em><\/p>\n

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Source: Jason Pizzino\/YouTube<\/figcaption><\/figure>\n

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.<\/p>\n

\u201cIt\u2019s happened before. We got there in the end. Solana I think is a great one. If you don\u2019t have the belief, have a look back at some of these charts that did drop 80% over the course of four to six months\u2026 and then how they have boomed from that time. And that boom can last quite some time.\u201d<\/em><\/p>\n