Solana

Sherpa

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-warns-of-potential-peak-for-solana-rival-sei-and-comments-on-ldo-and-xai/" data-wpel-link="internal">Analyst Warns of Potential Peak for Solana Rival SEI and Comments on LDO and XAI</a> 
  
Experienced crypto analyst and strategist <a href="https://en.coin-turk.com/what-is-fetch-ai-coin/" data-wpel-link="internal">Altcoin</a> Sherpa warned investors about the strong Solana (SOL) competitor Sei (SEI), which has risen over threefold in the last 30 days, indicating it may have peaked in the short term. The analyst also commented on the current status of Lido DAO (LDO) and Xai (XAI). 
<h2 style="text-align: justify" id="strong-warning-of-a-potential-downturn-for-sei-strong">Warning of a Potential Downturn for SEI</h2> 
The anonymous crypto analyst Altcoin Sherpa, from his personal account on <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude">social media</a> platform X, told his followers that despite the Layer 1 network Sei‘s SEI token still being in an uptrend, it has started to show signs of rally fatigue. 
In his warning for the altcoin, he first stated, “If you ask why it looks good, it’s because it has consolidated and the market structure on the high time frame is extremely bullish, it’s still trending up in all time frames, EMAs are all rising, and like other altcoins, it’s showing strength.” He then added: 
<blockquote> 
 If you ask why it looks bad, it’s because the rally might be at its exhaustion point and could be making its last big move. There could be a rotation from assets known as ARB/LDO/OP, such as SOL and SEI, into ETH season, which looks like it will then enter a distribution phase. 
</blockquote> 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-304232" src="https://coin-turk.com/wp-content/uploads/2024/01/SEI-Altcoin-1.jpeg" alt="" width="2117" height="1179"> 
<h2 style="text-align: justify" id="strong-analyst-s-comments-on-ldo-and-xai-strong">Analyst’s Comments on LDO and XAI</h2> 
On the other hand, Altcoin Sherpa is closely monitoring the price movement of Lido DAO, a liquid staking service for Ethereum. The analyst explained that he still expects a rise in Lido DAO’s native asset LDO, but anticipates a correction to the 0.382 or 0.5 Fibonacci retracement level. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-304231" src="https://coin-turk.com/wp-content/uploads/2024/01/LDO-Altcoin-1.jpeg" alt="" width="2117" height="1179"> 
Finally, the analyst analyzed the game-focused crypto project Xai. Altcoin Sherpa emphasized that he expects XAI, supported by Binance, to revisit its urgent support level before rising, suggesting that the $0.90 level could be an important buying level for the altcoin. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-304228" src="https://coin-turk.com/wp-content/uploads/2024/01/XAI-Altcoin.png" alt="" width="2117" height="1179"> 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-warns-of-potential-peak-for-solana-rival-sei-and-comments-on-ldo-and-xai/" data-wpel-link="internal">Analyst Warns of Potential Peak for Solana Rival SEI and Comments on LDO and XAI</a></h5>

Analyst Warns of Potential Peak for Solana Rival SEI and Comments on LDO and XAI

Table of Contents

COINTURK NEWS

Other articles published on Jan 18, 2024

El Salvador’s Bitcoin Gamble: Only 12% Embrace Crypto In Daily Life Despite National Push – Report

LUNC Recovery Impossible? Terra Classic Community Votes Against Revival Proposal

SHIB whale holding $20M worth names his 3 next potential 100x projects

Public Goods Network to Cease Operations Amid Layer-2 Challenges

Grayscale Bitcoin ETF Faces Massive $594 Million Outflow; Here’s Why

Shiba Inu (SHIB), Bonk (BONK) and Retik Finance (RETIK) Set To Make the Next Batch of Crypto Mill...

Join our free newsletter for daily crypto updates!