A widely followed crypto analyst says one Solana (SOL) competitor may be gearing up for a breakout.

In a new thread, crypto trader Michaël van de Poppe tells his 783,000 followers on the social media platform X that Sei (SEI) may increase more than 100% its current value if it breaks through a key resistance level.

“SEI starts to show momentum. The Bitcoin pair has a strong bullish divergence on the higher timeframes and the USD pair faces a crucial resistance. Breaking through $0.20 opens up a continuation towards $0.30-$0.35.”

SEI is trading for $0.17 at time of writing, down 2.4% in the last 24 hours.

Next up, the analyst says that Bitcoin (BTC) is in a consolidation phase that may lead to an explosive move to the upside.

“Bitcoin is stuck in the final range. Another test of $87,000 and we’ll likely break upwards to the rally of a new all-time high.”

Bitcoin is trading for $83,800 at time of writing, flat on the day.

Lastly, the analyst says that Ethereum (ETH) may be kicking off an uptrend if the price of gold peaks, based on ETH’s historic inverse correlation with the precious metal.

“A good start of the week, as ETH is +4% against Bitcoin. The ultimate question whether it will sustain or not, last months it has been giving back the returns in the days after. What to monitor? Gold peaking or not. If that’s the case, then we’ll see more strength on ETH.”

The analyst also says that ETH’s Relative Strength Index (RSI) indicator is flashing bullish, having entered oversold territory.

The RSI is a momentum oscillator used to determine whether an asset is oversold or overbought. The RSI’s values range from zero to 100. A level between 70 and 100 indicates that an asset is overbought. The 0 to 30 level range indicates that an asset is oversold.

“It’s been a bear market for 1,225 days for ETH, as, in this period, gold did a 2x. The lowest RSI on the weekly candle for ETH as well.”

ETH is trading for $1,589 at time of writing, down 2% in the last 24 hours.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A closely followed trader believes that the layer-1 protocol Solana (SOL) may have just flashed a strong bullish reversal signal.

Pseudonymous trader Inmortal tells his 231,500 followers on the social media platform X that Solana appears to have set a massive bear trap earlier this month when the price of SOL briefly dropped below $100.

A bear trap is a false signal that makes it appear that the price of an asset is heading to much lower levels, but instead, the price abruptly reverses and rallies, leaving short-sellers trapped.

Says Inmortal,

“That weekly candle is maybe the biggest bear trap I’ve ever seen, SOL.”

The analyst now believes that SOL is setting the stage for strong rallies en route to a new all-time high of $340 by December 2025.

“In retrospect, it will be so obvious, SOL.”

At time of writing, Solana is trading for $128.19, down over 3% on the day.

Looking at Bitcoin, Inmortal thinks that BTC will trade between $74,000 and $95,000 in the coming months before sparking a breakout rally toward the end of the year.

“Expecting something like this:

> Bounce to $90,000
> More chop/ranging ($67,000 maybe)
> Uptrend in the second half of this year

Maybe not in this exact order.

BTC.” 

Based on the trader’s chart, he appears to suggest that Bitcoin will soar close to $130,000 by the end of 2025. At time of writing, Bitcoin is worth $84,943.

Turning to the memecoin Floki (FLOKI), Inmortal thinks the altcoin is at a price level where it can potentially carve a major cycle bottom.

“Accumulating more FLOKI at these levels.

RSI (relative strength index) is at the same levels it was 700 days ago, and price at pre-bullrun levels.”

The RSI is a momentum indicator that can help traders spot levels where an asset is oversold or overbought. At time of writing, FLOKI is worth $0.000057.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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A closely followed crypto analyst believes one meme token operating on Solana (SOL) is in the early stages of a market recovery.

Pseudonymous analyst Altcoin Sherpa tells his 243,800 followers on the social media platform X that he’s bullish on the memecoin Bonk (BONK).

The trader shares a chart suggesting that BONK will face resistance at the $0.000012 level before printing a bullish higher low setup and rallying to his target above $0.0000145.

“BONK is looking strong in the short term, and should go higher. Should be a pullback around the 200 EMA (exponential moving average) on the four-hour chart but still, I think this has pulled back enough to where any buying down here is probably reasonable.”

At time of writing, BONK is worth $0.00001376.

Turning to the low-cap altcoin Alchemist AI (ALCH), the analyst says the coin appears to be in an uptrend and that he’s waiting for potential dips to accumulate the asset.

ALCH is an artificial intelligence (AI)-based crypto project that allows users with no coding skills to generate codes by providing natural language descriptions.

Says Altcoin Sherpa,

“ALCH still seems like a really strong chart, don’t see it being mentioned much. I think it’s basically taken the place of ARC; a super volatile AI coin that moves 20% a day. Not in it but traded it a lot before; will look to buy dips.”

At time of writing, ALCH is the 431st-largest crypto asset by market cap, trading at $0.109.

Looking at Bitcoin, Altcoin Sherpa thinks that BTC will continue to consolidate within a large trading range in the short to mid-term.

“Expecting there is some sort of chop between $70,000-$90,000 over the next several weeks for BTC. Relative bottom probably in, but still some more consolidation to come.”

At time of writing, Bitcoin is trading for $85,366.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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