beincrypto.com
While the broader cryptocurrency market experienced a slight pullback in activity over the past 24 hours, several altcoins defied the trend and reached new all-time highs today.
Among the top performers were Rekt (REKT), Patriot (PATRIOT), and Memes AI (MEMESAI)
Rekt (REKT)
REKT currently trades at $0.00000029. It hit an all-time high of $0.00000031 today and has since witnessed a 7% pullback. However, despite this correction, buying activity is still underway.
Its rising Relative Strength Index (RSI), observed on a four-hour chart, confirms this bullish outlook. At press time, it sits at 64.48.
This indicator measures whether an asset is overbought or oversold. It ranges from 0 to 100, with readings above 70 typically suggesting overbought conditions and below 30 indicating oversold conditions.
REKT’s RSI reading of 64.48 indicates moderate bullish momentum. The asset is approaching overbought territory but is not yet in danger of a reversal as there is still more room for price growth.
If this holds true, REKT will reclaim its all-time high. On the other hand, a negative shift in market sentiment may cause a decline to $0.00000026.
Patriot (PATRIOT)
The Donald-Trump-inspired token PATRIOT rocketed to an all-time high of $0.0061 during today’s early trading session. As of this writing, the altcoin trades at $0.0056 following a minor retracement.
However, its Aroon Up Line hints at the possibility of an extended rally. At press time, its value is 92.86. The Aroon indicator measures the strength and direction of a trend by comparing the time since the highest and lowest price over a specific period.
It consists of two lines: the Aroon Up (which measures the time since the highest price) and the Aroon Down (which measures the time since the lowest price). As with PATRIOT, when the Aroon Up line is close to 100, it suggests a strong uptrend, as the highest price has occurred recently, and the trend is gaining momentum.
If the uptrend persists, PATRIOT’s price will revisit its all-time high and rally past it. However, a decline in buying pressure will cause the token’s price to drop to $0.0049.
Memes AI (MEMESAI)
Described as an “AI meme coin on Solana,” MEMESAI surged to an all-time high of $0.12 earlier today. Although it has since retraced by 18%, the meme coin is still 19% up in the past 24 hours.
Notably, this double-digit rally is matched by a 28% spike in the token’s trading volume during the same period. When a trading volume spike accompanies an asset’s price rally, it means the surge is supported by high market activity and strong investor participation. This indicates genuine demand for the asset, making the rally more likely to be sustainable.
If the bullish trend is sustained, MEMESAI will revisit its all-time high. Conversely, its price may drop to $0.08 if selloffs commence.