\n<\/p>\n
Cryptocurrency analyst Jason Pizzino is expressing bearish sentiment on two top-10 Ethereum (ETH<\/a>) rivals while signaling a bullish outlook on one other altcoin.<\/p>\n Starting with Polygon (MATIC<\/a>), Pizzino tells<\/a> his 278,000 YouTube subscribers that the Ethereum scaling solution is making higher lows, a bullish signal.<\/p>\n \u201cStuff that is making those higher lows is something like MATIC\u2026<\/em><\/p>\n Look at the June and then look at the September and October lows \u2013 that is a higher low. Very very clear high low.<\/em><\/p>\n It doesn\u2019t mean it can\u2019t come back down, but you definitely want to see the market forming those higher lows and starting to put in some sort of strength.\u201d<\/em><\/p>\n Polygon hit a low of $0.35 in June and is now trading at $0.96 at time of writing.<\/p>\n Next, the crypto analyst and trader says that Cardano (ADA<\/a>) is forming lower lows, a bearish signal, while Ethereum competitor Solana (SOL<\/a>) is close to falling below its June low.<\/p>\n \u201cADA, in particular, is forming lower lows\u2026<\/em><\/p>\n Solana, as a quick look here on the chart, it is getting so close to that low. But it\u2019s just not having that drive-through. So you really want to see that bounce up relatively soon.\u201d<\/em><\/p>\n At time of writing, Cardano is currently up 4% on the day, trading for $0.41 and slightly below its June low.<\/p>\n Solana is changing hands for $32.92 at time of writing, up 5% on the day but just above its June low of $28.<\/p>\n