A widely respected cryptocurrency strategist says a competitor to Solana (SOL) may be preparing for a breakout.
Pseudonymous analyst Altcoin Sherpa says 215,200 followers on social media platform
“Coins like SEI are in critical territory. The overall increase in the 200-day exponential moving average (EMA) is .618 Fibonacci level. If you like the technology, this might be a good place to bid. I personally would stay away from this, but it could be a decent deal. There will obviously be a heavy reliance on BTC.”
SEI is trading at $0.56 at the time of this writing, up more than 4% in the last 24 hours.
Next is the analyst Called memecoin Pepe (PEPE) may have found a market bottom after a correction.
“PEPE: It looks really scary, but many altcoins are at some decent support levels. Let’s see if they can hold out.”
Pepe is trading at $0.00000551 at the time of writing, up 1% in the last 24 hours.
Next is the analyst Called The governance token of decentralized finance protocol Ethena (ENA) could find support at the $0.938 level and begin a rebound.
“ENA: I bought more today. I like this level and it hasn’t moved too much considering BTC volatility. “I don’t know if I will be disciplined or if this will be a good thing.”
Athena is trading at $0.98, up more than 8% in the last 24 hours.
Finally, the analyst Called A bullish pattern of higher lows may be forming on the 4-hour chart of Celestia (TIA), a blockchain designed to make it easy and cheap for anyone to start their own decentralized network.
“TIA: Let’s be honest, if you have balls of steel, you’ll probably admire TIA around here. We don’t know if the snapshot has already been taken, and this is only a short-term bull run (April 16), but if the pump has any sustainability, now would be a good time to get in. “Looking at the reaction of coins like TIA, which showed strength on April 16th, would be a good way to see how the overall market is doing.”
TIA is trading at $10.82 at the time of this writing, up nearly 8% in the last 24 hours.
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