CandleFocus Crypto Analyst Says DeFi Altcoin Gearing Up for Liftoff, Updates Outlook on Solana and Dogecoin
2024-10-31
Author: Content Editor
The crypto strategist known as Rekt Capital believes that the altcoin PENDLE, the native asset of the Pendle yield tokenization protocol, is poised for an uptrend, as it has retested the neckline of an inverse head and shoulders pattern on the weekly chart. Similarly, Rekt Capital sees potential for the layer-1 protocol Solana (SOL) to move higher after flipping two resistance levels as support. Additionally, the analyst suggests that Dogecoin (DOGE) is exhibiting constructive price action and could reach a target of $0.20. As of now, PENDLE is trading at $5.04, SOL is worth $179.77, and DOGE is trading at $0.175.
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