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Lunam Points
A widely followed crypto analyst indicates that a competitor Solana (soil) could prepare for a break.
In a new thread, Crypto Trader Michaël Van de Poppe says to its 783,000 subscribers on the X social media platform that SEI (SEI) could increase its current value more than 100% if it crosses a key resistance level.
“SEI is starting to show momentum. The pair of bitcoin has a strong upward divergence on higher time and the USD pair faces a crucial resistance. The breakthrough of $ 0.20 opens a continuation of $ 0.30 to $ 0.35.”
SEI is negotiated at $ 0.17 at the time of the editorial staff, down 2.4% in the last 24 hours.
Then, the analyst indicates that Bitcoin (BTC) is in a consolidation phase which can lead to an increased explosive movement.
“Bitcoin is stuck in the final range. Another $ 87,000 test and we are likely to break up to the rally of a new summit of all time.”
Bitcoin is negotiated at $ 83,800 at the time of the editorial staff, flat during the day.
Finally, the analyst indicates that Ethereum (ETH) could launch an upward trend if the price of Gold Peaks, based on the historic inverse correlation of ETH with precious metal.
“A good start to the week, because ETH is + 4% against Bitcoin. The ultimate question of his support or not, he made the yields in the following days. Whether monitoring gold or not. If this is the case, then we will see more force on ETH.”
The analyst also indicates that the indicator of the relative force index (RSI) of ETH flashes Haussier, having entered the territory of occurrence.
The RSI is a Momentum oscillator used to determine whether an asset is occurring or on a route. RSI values range from zero to 100. A level between 70 and 100 indicates that an asset is overflowed. The level 0 to 30 level indicates that an asset is occurring.
“It is a lower market for 1,225 days for ETH, because, during this period, gold made a 2x. The lowest RSI on the weekly candle for Eth also. ”
ETH is negotiated at $ 1,589 at the time of the editorial staff, down 2% in the last 24 hours.
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Image generated: Midjourney