Bitcoin 
$72,507Decentralized finance (DeFi) altcoin Pendle (PENDLE) is preparing for a big breakout, says an anonymous crypto analyst who accurately predicted ‘s correction move.
Pendle (PENDLE) Analysis
Crypto analyst Rekt Capital notes that PENDLE, the native asset of Pendle’s yield tokenization protocol, has retested the neckline of the inverse head and shoulders pattern on the weekly chart. This suggests that the altcoin is in a solid position for upside.
“Technically, PENDLE had a strong weekly close above the $4.48 level,” says Rekt Capital. “PENDLE, which passed the blue resistance level two weeks ago, retested this level as support last week. “It is important that it remains at this level this week as well.” He uses the expressions.
Latest Status of Solana (SOL)
Rekt Capital predicts that layer-1 blockchain protocol Solana has tested two important resistance levels as support and SOL may continue its rise.
“SOL has given a strong signal by closing above the blue diagonal trend line and red resistance area on the weekly chart,” says the analyst. “Apparently, the retest following this breakout was successful.”
Dogecoin (DOGE) Approaches Target
Analyst also talks about Dogecoin 
$0.171223He states that (DOGE) is exhibiting constructive price movement and memecoin is targeting the $0.20 level.
Rekt Capital said, “DOGE tested the red line of $0.14 as support and then recorded a 26% rise. “It follows exactly the route we have envisaged so far,” he comments.
Market Situation
At the time of this analysis, Pendle (PENDLE) is trading at $5.04 and is up 9% in the last 24 hours. Solana (SOL) is trading at $179.77, while Dogecoin (DOGE) is hovering around $0.175.
Rekt Capital’s analysis indicates that crypto investors should focus on altcoins such as PENDLE, SOL and DOGE. However, it is emphasized that investors should carefully follow market fluctuations and pay attention to risk management.
As a result, making informed decisions in the cryptocurrency market is of great importance.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
