Altcoin News Official TheBitTimes.com

A widely followed crypto analyst says that one rival of dog-themed meme assets Dogecoin (DOGE) and Shiba Inu (SHIB) is repeating a move it did previously that caused it to spark a 200% rally. In a new strategy session, pseudonymous crypto trader Inmortal tells his 227,000 followers on the social media platform X that the last like memecoin Floki’s (FLOKI) Relative Strength Index (RSI) reached the level it did, the crypto asset saw a 4x price increase. “Last time we reached this RSI level we bottomed and pumped 200% One of my fav charts right now.” Source: Inmortal/X An asset’s RSI is a technical indicator used to determine if it is overbought or oversold. FLOKI is trading for $0.000144 at time of writing, a 13.2% gain during the last 24 hours. According to Inmortal, the altcoin cycle has changed so that most tokens will no longer see massive swings to the upside together. Rather, the trader says there will be multiple altseasons where fun...

The founders of analytics firm Glassnode say that altcoins may have one last dip before they start to outperform Bitcoin (BTC). Jan Happel and Yann Allemann, who go by the handle Negentropic, tell their 63,400 followers on the social media platform X that despite a possible near-term correction many altcoins may soon start performing well. “Altcoin opportunities on the horizon. Our Bitcoin-altcoin cycle indicator shows we’re back in a BTC-dominant regime (below 50 on the chart). As Bitcoin pulls back and altcoins drop sharply, this opens up entry opportunities. If BTC breaks through resistance and the indicator moves above 50, we could see a strong altseason ahead.” Source: Negentropic/X The Bitcoin-altcoin cycle indicator measures whether traders favor altcoins over Bitcoin. Values of over 50 indicate that Bitcoin is underperforming altcoins and that the market may be entering an altcoin season. Bitcoin is trading for $68,708 at time of writin...

Economist Henrik Zeberg believes that one Solana (SOL)-based memecoin could soon go on a parabolic rally. Zeberg tells his 155,400 followers on the social media platform X that dogwifhat (WIF) may soar more than 913% from its current value after breaking out from a period of consolidation. “WIF could be at $15-$22 in a matter of weeks.” The analyst uses the Elliott Wave Theory to suggest WIF’s explosive price action in the near term. The Elliott Wave Theory is a type of technical Analysis that examines wave patterns based on the repetitive behavior of market participants. According to Elliott Wave principles, an ABCDE triangle indicates consolidation in an uptrend market could spark a strong rally once it is completed. “Are you onboard? It is breaking out of long ABCDE-consolidation. The potential is amazing.” Source: Henrik Zeberg/X WIF is trading for $2.17 at time of writing, up 3.5% in the last 24 hours. The analyst also says ...