Prominent crypto analyst and trader Michaël van de Poppe has expressed a highly bullish outlook on the Sei (SEI) cryptocurrency. In a tweet, van de Poppe stated that he is “expecting a lot from $SEI” and anticipates a potential run towards its all-time high price levels.
However, van de Poppe acknowledges that SEI has faced a substantial correction, dropping by more than 50% since the recent Bitcoin ETF listing. This substantial pullback has presented a potential buying opportunity for those who believe in the project’s long-term prospects.
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Crucial Resistance Level
According to van de Poppe, the crucial level to watch is the $0.60 resistance. If SEI can break through this level, it could pave the way for a significant rally towards its previous all-time high price.
Van de Poppe’s analysis is based on technical factors, as he closely monitors price movements and key support and resistance levels. As an experienced trader, he likely considers various indicators and chart patterns to identify potential entry and exit points.
While technical analysis plays a crucial role, market sentiment and overall cryptocurrency market conditions also influence the price movements of individual cryptocurrencies like SEI. Positive news, adoption, and overall bullish sentiment in the broader crypto market could further fuel SEI’s potential rally.
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