Shiba

Flow

bullish

Solana

Shiba Inu

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/will-sei-become-a-leading-altcoin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will SEI Become a Leading Altcoin?</a><br></p>
<p style="text-align: justify">Renowned cryptocurrency analyst The Flow Horse has expressed optimism about SEI, a rising competitor in the altcoin space alongside <a href="https://en.bitcoinhaber.net/solanas-major-breakthrough-spurs-investor-confidence" data-wpel-link="internal" rel="noopener noreferrer nofollow">Solana</a> (<a href="https://en.bitcoinhaber.net/whale-movements-stir-speculation-in-solanas-soaring-market" data-wpel-link="internal" rel="noopener noreferrer nofollow">SOL</a>). Following SEI’s breakthrough past the $0.40 barrier, the analyst’s confidence has surged as it navigates significant resistance levels.</p>
<h2 id="how-is-sei-performing-currently">How is SEI Performing Currently?</h2>
<p style="text-align: justify">The Flow Horse highlighted a favorable trajectory for SEI after it successfully broke through a prolonged resistance point. While SEI once exceeded the $0.50 threshold, it is presently trading at approximately $0.469, reflecting a 4% gain over the past 24 hours.</p>
<h2 id="what-is-the-analyst-s-investment-advice-for-sei">What is the Analyst’s Investment Advice for SEI?</h2>
<p style="text-align: justify">Despite acknowledging a possible dip in trading volumes, The Flow Horse remains bullish on SEI. He pointed out that altcoins like Shiba Inu (SHIB) might pose short-term selling opportunities. “Given that it’s the weekend, my trading volumes will be low, but keep an eye on SEI. I feel inclined to be bullish regardless,” he stated.</p>
<ul>
 <li>The Flow Horse believes SEI is showing promising signs for investors.</li>
 <li>He cautioned about potential short positions in assets like SHIB.</li>
 <li>Despite market volatility, there are continual opportunities in the altcoin sector.</li>
</ul>
<p style="text-align: justify">The overall outlook for the altcoin market remains positive, yet The Flow Horse advises investors to exercise caution. He suggests that shorting assets experiencing rapid gains could be a strategic move.</p>
<p style="text-align: justify">The latest trends in SEI and similar altcoins underscore the ever-changing landscape of the cryptocurrency market. Adopting a vigilant approach by monitoring these shifts can empower investors to make informed choices.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/will-sei-become-a-leading-altcoin" data-wpel-link="internal" rel="noopener noreferrer nofollow">Will SEI Become a Leading Altcoin?</a></h5>

Will SEI Become a Leading Altcoin?

Table of Contents

BH NEWS

Other articles published on Oct 1, 2024

FIO Token is Now Listed on Binance and Bybit Futures! 🚀

Bybit’s World Series of Trading 2024 Kicks Off: The Biggest Trading Competition in Crypto History...

Polymarket “Yes” Bettors Likely to Lose on EIGEN Airdrop Bet After Token Unlock Misses Deadline

Analyst: Price of XRP Is Limitless. We Could See 3 Digits in Next Few Months

CryptoRank Report: Here are the top gainers in Q3 2024

'Quantile Regression' Bitcoin price model hints at $275K BTC by November 2025

Join our free newsletter for daily crypto updates!