An analyst followed in the crypto market, one of the breast assets, one of the digital assets, a similar technical indicator in the past, said that the price movements that led to a large increase in reason, he said. FLOKI, which is located at the focal point of the analysis, draws attention with its RSI indicator.
Price Movements Analysis
In the analysis he shared with his followers, the crypto investor, whose nickname is Inmortal, said that FLOKI’s RSI level had a similar effect during the previous rise. In the relevant period, this level had descended to the minimum point of being and paved the way for an increase of more than two percent.
Altcoin cycle and market assessment
The analyst argued that many token in the current Altcoin cycle would not show sudden rise at the same time. According to the current market structure, investors may experience mobility between digital assets in different periods.
Inmortal, 227,000 followers on the platform shared in the past, the RSI level in the past marked the bottom point of the existence and then increased by two percent, he said.
“When we reached this RSI level last time, we went down to the bottom point and observed an increase of 200 percent. One of my favorites among my graphics. ” – INMORTAL
In addition, the analyst said that more than one subcoin periods will be experienced over different themes instead of large -scale rise observed in 2021. It is considered that this approach can bring more various mobility in the digital asset market.
Bitcoin 
$101,794.5 Pointing to the challenging course of the market in his assessment, Inmortal said that the digital asset could capture the previous peak level with an increase of only five percent. On the other hand, it is stated that many subcoin will need higher increases to reach the old peak levels.
Analyst evaluations may give an idea about potential sub -periods and different investment scenarios for market participants. The general course of the market can allow investors to develop different strategies.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
