A generally followed crypto analyst says that a rival of meme-assets with dog theme Dogecoin (Doge) and Shiba Inu (Shib) repeats a movement that previously made it caused a 200% rally.
In a new strategy session, pseudonymous crypto trader in mortal tells His 227,000 followers on the social media platform X that the latter like Memecoin Floki’s (Floki) Relative Strength Index (RSI) reached the level that it did, the crypto -actively saw a 4x price increase.
“The last time we have reached this RSI level and we currently pumped 200% one of my favorite graphs.”
The RSI of an active is a technical indicator that is used to determine whether it is overbough or sold over. Floki acts for $ 0.000144 at the time of writing, a win of 13.2% during the last 24 hours.
According to Inmortal, the Altcoin has cycle changed So that most tokens no longer see solid swings together. On the contrary, the trader says there will be several altseasons where funds are roasted in and out of digital assets.
“My view of Altese season 2025. No more altseasons like in 2021 where 98% of the coins pump together. Given how many coins there are, we will see several altseasons, 1-5 stories at the same time and then rotate. This means that some stories mark tops at different times. ”
The trader concludes His analysis by noting that the market is currently ‘brutal’ because crypto King Bitcoin (BTC) only needs an increase of 5% to achieve a new all time (ATH), while many altcoins still have a profit need 500% to reach their Athen.
BTC acts for $ 105,050 at the time of writing, a marginal decrease in the day.
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Generated image: midjourney