CandleFocus Top Trader Bullish on One Solana Rival After Price Range Breaks – Here’s His Outlook
2024-10-01
Author: Content Editor
The Flow Horse, a well-known trader in the crypto space, has expressed bullish sentiment towards Sei (SEI), a competitor of Solana (SOL), after it surpassed a key resistance level of $0.40. The trader believes that SEI's breakout from its summer range signals a potential uptrend and plans to add to his position unless proven otherwise. Since the trader's statement, SEI has briefly exceeded $0.50 before experiencing a correction. As of now, SEI is valued at $0.469, exhibiting a gain of over 4% in the past day. However, The Flow Horse advises caution, as not all altcoins will continue to perform well, highlighting certain cryptocurrencies like Shiba Inu (SHIB) as potential short-selling opportunities due to overextended rallies. SHIB is currently trading at $0.000019, having decreased over 5% within the day.
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