A Potential Breakout for Sei (SEI) and Other Cryptocurrencies
A well-known crypto analyst recently shared insights on potential breakouts for several cryptocurrencies, including Sei (SEI), Bitcoin (BTC), and Ethereum (ETH).
Sei (SEI) Poised for Growth
In a recent thread on social media platform X, crypto trader Michaël van de Poppe highlighted Sei (SEI) as a potential breakout candidate. According to Poppe, SEI could see a significant increase in value if it manages to break through a key resistance level.
“SEI starts to show momentum. The Bitcoin pair has a strong bullish divergence on the higher timeframes and the USD pair faces a crucial resistance. Breaking through $0.20 opens up a continuation towards $0.30-$0.35.”
Source: Michaël van de Poppe/X
Currently trading at $0.17, SEI is down 2.4% in the last 24 hours.
Bitcoin (BTC) and Ethereum (ETH) Analysis
Poppe also shared his thoughts on Bitcoin and Ethereum. He mentioned that Bitcoin is in a consolidation phase, which could lead to a potential rally towards a new all-time high if it tests $87,000.
Bitcoin is currently trading at $83,800.
Regarding Ethereum, Poppe pointed out a potential uptrend, especially if the price of gold peaks. He highlighted ETH’s inverse correlation with gold and mentioned that the Relative Strength Index (RSI) indicator for ETH is currently bullish, having entered oversold territory.
Source: Michaël van de Poppe/X
ETH is trading at $1,589, down 2% in the last 24 hours.
Stay Informed and Follow Market Trends
For the latest updates on cryptocurrency trends and price actions, follow us on X, Facebook, and Telegram. Don’t miss out on important market movements by subscribing to email alerts delivered directly to your inbox.
Keep an eye on the price action and stay informed with The Daily Hodl Mix.
Generated Image: Midjourney