- Altcoins are poised for a significant rebound following a period of substantial decline, according to a respected crypto trader.
- The trader, known as The Flow Horse, has communicated to his large following on social media that a market bottom for altcoins is imminent, predicting a strong mean reversion.
- “Setting Bitcoin aside, many altcoins look ready for a sharp bounce back to their average valuations,” noted the analyst. “I might need to prepare a shopping list, though I’m not enthusiastic about trading until at least July.”
Crypto altcoins brace for a major upswing as they hit market bottoms, renowned analyst predicts a robust mean reversion.
Altcoins Anticipated to Surge Following Market Correction
Veteran crypto trader, The Flow Horse, with over 200,000 followers on the platform X, suggests that altcoins will soon experience a significant rise from their current lows. He predicts a mean reversion, indicating that these digital assets are poised to return to their average market values.
Pepé (PEPE) Expected to Outshine Among Memecoins
The Flow Horse has highlighted Pepé (PEPE) as the standout memecoin, suggesting it is well-positioned to outperform its peers. He downplayed WIF, another memecoin, noting its underperformance against Solana (SOL) and Bitcoin (BTC) since their all-time highs (ATHs). At the time of writing, PEPE is trading at $0.00001272, reflecting a 20% increase within the last 24 hours.
Current Market Sentiments and Future Pricing
Despite some reservations, The Flow Horse remains bullish on WIF, expecting it to maintain its current level rather than dropping to the $1 mark. “While it would be poetic to get $1 fills, it doesn’t seem likely,” he remarked. Currently, WIF is trading at $2, marking an almost 19% increase from the previous day.
Conclusion
In summary, prominent crypto trader The Flow Horse anticipates a significant bounce back for altcoins driven by mean reversion. While Pepé (PEPE) is identified as a strong contender in the memecoin market, cautious optimism surrounds WIF as it stabilizes. Traders and investors should prepare for potential opportunities as the market trends suggest an imminent uplift.
