Komodo (KMD) has performed particularly well over the last 7 days, and one trader has suggested that this might be an indicator of even better things to come. Nik Patel pointed out that, according to a pattern he spotted, the 50th-biggest crypto could be about to surge by as much as 300%.
Patel is the author of best-selling trading manual “An Altcoin Trader’s Handbook”, and regularly tweets about crypto price action. He first mentioned that KMD looked promising yesterday, as it soared by over 15 percent to its highest price point in almost 3 months.
Now, he has spotted a pattern that could suggest an even bigger rally for KMD in the upcoming days. The last two times that KMD closed the 24h period trading at 22,500 satoshis, after time trading below it, it went on to surge by over 300%.