3 Cryptocurrencies That Reached All-Time Highs Today — December 18

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As a seasoned crypto investor with a knack for spotting hidden gems, I find myself intrigued by today’s performance of Rekt (REKT), Patriot (PATRIOT), and Memes AI (MEMESAI). Having been through numerous market cycles, I can tell you that these are the moments when the most significant gains can be made.

Despite a minor slowdown across the wider cryptocurrency sector within the last day, certain alternative coins bucked this trend and hit unprecedented record highs today.

Among the top performers were Rekt (REKT), Patriot (PATRIOT), and Memes AI (MEMESAI)

Rekt (REKT)

Right now, REKT can be purchased for approximately 0.00000029 dollars. Today, it reached its highest point ever at 0.00000031 dollars, but since then, there’s been a 7% decrease. Yet, the ongoing trend shows that people are still actively buying this coin.

The increasing strength of the stock’s Relative Strength Index (RSI), as seen on a four-hour graph, supports this optimistic perspective. Currently, its RSI stands at 64.48.

This tool assesses if a particular asset is more bought than it should be (overbought) or less bought than usual (oversold). It operates on a scale from 0 to 100, where values exceeding 70 generally hint at overbought conditions, while readings below 30 often signal oversold conditions.

Based on REKT’s Relative Strength Index (RSI) of 64.48, we can say that the market is displaying a relatively strong bullish trend, showing moderate momentum. However, it’s getting close to overbought territory, but there’s still potential for further price increases as the asset has not yet reached a point where a reversal seems imminent.

As an analyst, I’m expressing that if the current trend persists, it appears that REKT could regain its record peak. However, should there be a reversal in market sentiment, this coin might plummet down to approximately $0.00000026.

Patriot (PATRIOT)

In the course of my research today, I’ve noticed that the token inspired by Donald Trump, PATRIOT, reached an unprecedented peak of $0.0061 during the early trading hours. Currently, as I type this, the altcoin is being traded at $0.0056 after a slight pullback.

Instead of suggesting an extended rally, the Aroon Up Line indicates a strong upward trend at this moment, with a value of 92.86. This technical analysis tool evaluates the strength and direction of a trend by analyzing the time elapsed since the highest and lowest prices over a specified duration.

The Aroon indicator is made up of two components: Aroon Up and Aroon Down. The Aroon Up indicates how long it’s been since the most recent high point, while the Aroon Down shows the elapsed time since the lowest point. Similar to the PATRIOT signal, when the Aroon Up line is near 100, it implies a robust uptrend, as the latest high has occurred recently and the trend’s momentum is on the rise.

Should the upward trend continue, the value of PATRIOT could return to its peak and even surpass it. On the other hand, if there’s less demand for purchasing, the token’s price might fall down to approximately $0.0049.

Memes AI (MEMESAI)

Mentioned as a “meme cryptocurrency on Solana,” MEMESAI peaked at a record high of $0.12 earlier today. Despite a subsequent drop of 18%, this meme coin continues to show a 19% increase in the last 24 hours.

Remarkably, this prolonged increase in the token’s value (over 10 digits) coincides with a significant 28% escalation in its trading activity within the same timeframe. When there’s an increase in trading volume alongside an asset’s price growth, it suggests that the rise is backed by active market engagement and strong investor interest. This implies a genuine desire for the asset, suggesting that the upward trend may be durable.

As an analyst, I foresee a potential continuation of the bullish trend for MEMESAI, which could lead us back to its record highs. However, should market selloffs occur, we might see a possible decline in MEMESAI’s price down to approximately $0.08.

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2024-12-18 23:09