The altcoin market is now seeing a recovery, amid this, analysts see a bullish outlook and key indicators suggesting potential gains.
Analysts predicted continued growth, with SEI and other altcoins showing promising signs of further upside.
The global altcoin market cap, which had dropped below $800 billion, has since recovered, climbing to $920 billion as of press time. Moustache was not alone in his positive outlook. Another well-known analyst, Michael Van De Poppe, also shared his thoughts on the altcoin market’s potential.that many altcoins experienced their first upward push in the past week, and predicted a brief period of consolidation before the uptrend resumes.
He suggested that if SEI maintains this support, it could target a price of $0.46 in the near future.from Coinglass, while SEI’s Open Interest—the total number of outstanding derivative contracts—has decreased by 4.14% over the past day to $96.55 million, its Open Interest volume has surged by 44% to $313.13 million.This increase in Open Interest volume suggested that despite the short-term decline, there was significant interest in SEI’s future price movements.
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