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A widely followed crypto analyst says that one artificial intelligence (AI)-focused altcoin looks strong while updating his outlook on decentralized finance (DeFi) platform Injective (INJ<\/a>) and memecoin Pepe (PEPE<\/a>).<\/p>\n In a new video update<\/a>, crypto trader Jason Pizzino tells his 328,000 YouTube subscribers that even though graphics processing unit (GPU) rendering blockchain Render (RNDR<\/a>) looks strong against the US dollar, it could still see a dip in price.<\/p>\n \u201cRender versus USD had a bit of a turnaround \u2013<\/span><\/i> higher low still forming and even if this is to break down, it\u2019s still in a relatively strong position compared to other cryptocurrencies\u201d<\/em><\/p>\n Render is trading for $8.44 at time of writing, a 9.16% decrease during the last 24 hours.<\/p>\n Moving on to layer-1 blockchain Injective, Pizzino says he\u2019s waiting for a potential reset against crypto king Bitcoin (BTC<\/a>).<\/p>\n \u201cInjective is looking interesting\u2026 what I\u2019m looking at here is this potential reset and if you\u2019re wanting to play the confirmation, I would look for something above the 50% level, it\u2019s on the INJ\/BTC chart, and the invalidation is of course underneath these lows \u201d <\/em><\/p>\n INJ is trading for $30.55 at time of writing, a 6% decrease on the day.<\/p>\n Concluding his analysis with popular meme asset Pepe, Pizzino says that the frog-themed token is displaying strength versus other memecoins.<\/p>\n \u201cSomething else is looking relatively strong \u2013 again with the meme coin Pepe. I know we checked this out yesterday but you can see that [it] broke higher after the pump and dumps on several other cryptos. This little break higher here could signal a little more strength.\u201d<\/em><\/p>\n PEPE is trading for $0.000012 at time of writing, a 12% drop during the last 24 hours.<\/p>\n