Iki

In the past few weeks, there were several good community coins that had ranged been ranging at $2mn-20mn and suddenly mooned hard - well deserved! Case Study Time using $GIKO Chart, as I think Giko is one of the first to do so while others are probably 2-3 weeks behind but will follow. Here are the phases: 1. Moon hard to tap $80-100mn - tourists FOMOed in as KOLs started mentioning, yet on the other hand many people put limit orders close to $100mn, plus there are people at 20x + profits 2. Quick Retrace to $30-50mn - green candles stopped, FOMO buyers + unbelievers sold to chase other green candles; true believers continue to HODL 30-50% retrace (stronger than typical 80% retrace at small cap) 3. Consolidation + Pennant pattern at $40-60mn for a few weeks - mindshare continues to grow, people who missed first runup buy dip, build solid volumes at this price range to increase people's avg prices, whale's portfolio get so dominated by the coin that they just become a maxi and stop shitcoining 4. Breakout and next leg to $250-500mn+ ($GIKO not there yet, maybe next week) - rotation from impatient to patient complete and selling pressure gone, people get used to this price next leg loads for a 5-10x before the same process need to repeat, mega whales + hedge funds + CEX start to notice and buy up supply If you search Dexscreener, there is a reason that there are very little CTO coins at $40-100mn range. This is because at this point the coin has been chosen by the market as mainstays. Steps 1-4 probably last less than 8 weeks.