A widely recognized cryptocurrency strategist has stated that one of Solana's (SOL) competitors may be preparing for a breakout.
Sherpa, a pseudonymous altcoin analyst, told 215,200 subscribers on social media platform X that #blockchain layer #Sei (SEI) could deploy higher after retesting a key level.
Coins like SEI are at a turning point: the 200-day exponential moving average (EMA), Fibonacci level of 0.618 for the entire upside. If you like this technology, these are good places to trade. Personally, I wouldn't touch it, but it could be a decent trade, obviously heavily dependent on #BTC .
At the time of writing, SEI was trading at $0.56, up more than 4% in the last 24 hours.
Analysts also claim that the #Pepe memcoin (PEPE) may have found a market bottom after a correction.
'PEPE: looks very scary, but many altcoins are at some decent support levels. We'll see if they hold.
At the time of writing, Pepe is trading at $000000551 and is up 1% in the last 24 hours.
In addition, analysts said the decentralized financial protocol management token Ethena (ENA) has found support at $0.938 and could start to rise.
ENA: I bought more today. I like this level, and given the volatility of BTC, not much has changed. I don't know if this will work.
At the time of writing, Athena is trading at $0.98, up more than 8% in the last 24 hours.
Finally, analysts say a bullish pattern of higher lows could form on the four-hour chart of Celestia (TIA), a blockchain designed to make it easy and cheap for almost anyone to run their own decentralized network.
TIA: Honestly, if you have balls of steel, put long positions on #TIA . The shot may have already been taken and this is just a short-term bullish trend, but if stability comes after the pullback [April 16], it would be a good time to enter.
At the time of writing, TIA was trading at $10.82, up nearly 8% in the last 24 hours.
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