bullish

Parabolic

Bitcoin

<p>As the traders remain largely vigilant, the crypto markets rebound in no time following the Fed rate cuts, which surprised the financial markets. <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a> reclaimed the crucial resistance at $62,000 and is approaching the crucial resistance at $62,500, which is considered an important milestone to keep up the bullish trend. In the meantime, a couple of altcoins like Sei &amp; Sui have been displaying immense strength, intending to reclaim the pivotal resistance before the end of the month.&nbsp;</p>  
<h2 class="wp-block-heading" id="h-sei-sei-price-ready-for-a-parabolic-recovery">Sei (SEI) Price Ready for a Parabolic Recovery</h2>  
<p>The SEI price has faced over a 75% plunge since the start of the year, dropping from the $1 milestone to as low as $0.2. Since then, the token has failed to rise above $0.4, which has raised the possibility of reclaiming the yearly highs at $1. Besides, the rise in the volume suggests the bulls are believed to hold huge dominance for the rest of 2024.&nbsp;</p>  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfB3OdHrLPVUIAinC4f3tqEj7ygrueYsEQjneeUxm7wXSpRN6P_wEu8kb6rVIwxDxfaQ3-mEk66_LlTHp19_RjZwi2VQxrXG1C_on0vVTuM3OV1xxmb7CiCLX07djLlwh0bAUmjxAFlxAvIBP8VV70uHSOC?key=nTrn31avsGskW6-90_Fj8Q" alt="">
</figure>  
<p>The SEI price tested and rebounded from the support zone between $0.22 and $0.24 multiple times since July. However, the latest upswing has triggered a rise above the descending resistance and if it manages to sustain above the range, the SEI price is expected to rise by over 30% this week. Besides, the Ichimoku cloud has flipped to bullish while the OBV has rebounded from the lows.&nbsp;</p>  
<p>Therefore, the price is expected to rise and enter the resistance zone between $0.438 and $0.459 and a breakout from these levels may push the token above $0.55. This move may pave the way for the SEI price to reclaim the lost levels at $1.&nbsp;</p>  
<h3 class="wp-block-heading" id="h-sui-sui-prices-poised-for-a-40-upswing-soon">Sui (SUI) Prices Poised for a 40% Upswing Soon</h3>  
<p>The SUI price reached new highs above $2 during the first quarter, at the time when the Bitcoin price managed to mark a new ATH at $73,750. Similar to the previous rally, the SUI price is again undergoing a parabolic recovery and the recent upswing has elevated the levels from the local lows. However, the price has triggered a double-digit upswing and is believed to form a new ATH very soon.&nbsp;</p>  
<figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeuO5LPp8uSryZnp6rvTiRdU5Q4dg7LHdUCzsRfVrv3iSN0GRQcIZ4ZZ2wAYMWEzSEONMqaRFfdkto8zEegrrtHO2ro4AEdwfzrg2A07RM5r4zDuX0nF4aiLPPULtqfvcGjmvyXkJCyYCHCjsSRAPPaU66W?key=nTrn31avsGskW6-90_Fj8Q" alt="">
</figure>  
<p>The SUI price seems to be undergoing a parabolic recovery and is believed to rise to the neckline of the curve. Besides, the price traded within a rising wedge broke out from the pattern and is facing some bearish pressure. Besides, the RSI entered the overbought range and is believed to face some pullback.&nbsp;</p>  
<p>Therefore, the SUI price may experience a minor plunge close to $1.25, which may trigger a fine rally along the curve, which is acting as a major support throughout the coming weeks and marking new highs.&nbsp;</p>

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