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...

A widely followed cryptocurrency analyst and trader is highlighting one memecoin that he believes possesses more upside potential while offering his insights on layer-1 altcoin Sui (SUI). The analyst pseudonymously known as Bluntz tells his 278,500 followers on the social media platform X that the feline-inspired memecoin, Simon’s Cat (CAT), “looks finally ready for the next leg higher.” According to the analyst who regularly applies the Elliott Wave theory in his technical Analysis , CAT has completed a three-wave correction to the downside in the four-hour time frame and has enjoyed a “few days of accumulation.” The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern. Based on the pseudonymous analyst’s chart, it appears that he’s suggesting that CAT could rise above the all-time high price of around $0.0000462. “One of the most successful memecoi...