With Bitcoin recently surpassing $63,500, the altcoin market is witnessing a surge of interest from analysts predicting significant price movements in the coming weeks. This rise in Bitcoin is serving as a catalyst, igniting optimism for various altcoins, particularly SEI and SOL. Experts are now closely monitoring these coins to determine their potential price trajectories.
What are the Predictions for SEI Coin?
Analyst TraderXO shared insights on October 3, highlighting a rebound in SEI Coin that is pushing towards a target above $0.65. The current price levels of $0.595 and $0.966 are focal points for upcoming trades, indicating a bullish outlook. TraderXO previously entered the market at $0.28, securing profits as the price crossed $0.38 and suggesting a potential reassessment during the next market fluctuation.
Is SOL Coin Worth Buying Now?
Currently trading at $148, questions arise about the viability of buying SOL Coin. Analyst Crypto Tony points out that for a significant rally to occur, the price must convincingly close above $164. He believes that entry points for buyers would be more favorable above this threshold, with subsequent target prices set at $188, $210, and $256.
- SEI Coin shows bullish potential with targets between $0.595 and $0.966.
- SOL Coin must close above $164 to trigger a parabolic movement.
- Market sentiment is supported by historical trends and anticipated monetary policy changes.
Analysts note a growing bullish sentiment in the market, reinforced by both historical data and upcoming financial shifts post-U.S. elections. Global monetary policies from countries like China are also contributing to this optimism, suggesting a broader recovery in the altcoin market could be underway.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/bitcoin-surge-boosts-altcoin-prospects