Solana
Here Are The Price Targets For Bitcoin, Solana, And Render, According To Analyst Jason Pizzino
A widely followed crypto strategist and trader reveals his price targets for Bitcoin (Bitcoin) and two altcoin projects.
In a new strategy session, analyst Jason Pizzino tell His 329,000 YouTube subscribers claim that according to the Average True Range (ATR) indicator, Bitcoin could soon break through key price target resistance levels.
The ATR indicator measures volatility by displaying the trading range of an asset over a specified period.
“You can see here the disappearance of the average true range of the bar. In previous cycles, look at what happened. The average true range goes up, down, down, down, and then you start to get a higher low shape and at that point you’re really within a decent distance of the stealth zone.”
Source: Jason Pizzino/YouTube
According to the analyst, Bitcoin has historically made “stealth moves” higher when the ATR indicator hits a local low and the price continues to consolidate or hits higher lows.
Key upside price targets from analysts include $63,300 on the daily chart, $65,200 on the weekly chart, and $72,000 on the monthly chart.
At the time of writing, Bitcoin is trading at $60,176, down nearly 3% in the past 24 hours.
Next, the analyst believes that Ethereum (ETH) competitor Solana (GROUND) will move to its current cycle high.
“With higher lows and now trying to push higher above 50% at $137. The next target on the weekly chart is $165. And then we go to $190, $210. So $190 is above those highs. Then $210 is the current high for Solana. So that’s on the way. It hasn’t confirmed those longer time frames yet, and those longer time frames are the weekly ones.”
Source: Jason Pizzino/YouTube
Solana is trading at $141 at the time of writing, down more than 8% in the past 24 hours.
Finally, the analyst predicts that Render (RNDR), the graphics processing unit (GPU) that renders the blockchain, will retrieve a double-digit value.
“Now what do we need to see before we get there? Obviously, higher lows, and that would happen over the next couple of months, maybe even up to four months, when we get there. [US presidential] elections… If I continue to see higher lows, it won’t stop me from entering the market if it breaks out during this period.
Source: Jason Pizzino/YouTube
Render is trading at $7.04 at the time of writing, down 7.7% in the last 24 hours.
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