Renowned analyst, Jason Pizzino, predicts that altcoins displaying resilience in the face of the recent crypto market correction are primed to reach new highs this year.

Pizzino, with a substantial following of 108,800 on X, highlights his focus on altcoins exhibiting bullish higher low patterns. He emphasizes that these strong altcoins maintaining their higher lows are likely to break out into fresh highs or even all-time highs by the second half of 2024.

In a recent video update, Pizzino identifies a select list of altcoins that are weathering the correction better than others, singling out two standout performers. Specifically, he mentions Solana as a strong contender and notes Pendle’s ability to hold above the 50% mark with a solid weekly close at $5.60.

The current downturn in altcoins presents a unique opportunity for long-term investors, according to Pizzino. He suggests that previous deep corrections have historically paved the way for significant gains in strong altcoins once the market stabilizes.

Reflecting on past trends, Pizzino points to Solana as a prime example of a coin that experienced an 80% drop over several months before embarking on a substantial rally. He encourages investors to consider the potential for sustained growth following periods of significant drawdowns.

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