In the crypto world, investors are currently eyeing 2 altcoin projects. A well-known crypto analyst says that SEI is preparing for a new rise, and that it is only a matter of time before Dogecoin begins a parabolic rally. The fact that SEI has been in a period of consolidation for a long time and Dogecoin has exhibited remarkable movements again has made these two assets the focus of the market. Here’s what analysts expect and what awaits investors.
First Altcoin on Analysts’ List: SEI Preparing for Ascension
Analyst Bluntz states that SEI is preparing for a parabolic price explosion. In his post on social media platform X, he points out that SEI entered a 6-month consolidation period after experiencing a -84% cyclical correction. After this period, SEI started to give upward signals. The analyst thinks that the project has gained the necessary momentum for the rise.
Currently, SEI is trading at $0.408. Although the crypto asset lost 12% in value in the last month, it delighted its investors by rising more than 265% last year. According to Bluntz, this potential of SEI makes it one of the projects to watch out for in 2024. Investors are closely monitoring when the altcoin project will start this rise.
Another Altcoin on Analysts’ List: Great Expectations for Dogecoin
Bluntz says Dogecoin is also on the verge of a big rise. The analyst shares a chart predicting that DOGE could rise as high as $0.375. Although Dogecoin, currently trading at $ 0.169, has lost more than 2% in value in the last 24 hours, analysts point out the possibility of a new rally, especially as we enter November. Dogecoin attracted the attention of investors again with a 17% increase in October.
Bluntz states that Dogecoin has experienced an accumulation period of 874 days, which requires investors to be careful. However, the analyst emphasizes that many people forget about Dogecoin’s past volatility and may miss out on potential gains by selling prematurely. Based on historical data, Dogecoin appears to experience major gains once it breaks key resistances.
Dogecoin Rally in November?
As we enter November, analysts say that if Dogecoin breaks the $0.20 level, a parabolic rise could begin. If the altcoin breaks this level, we could see a move similar to the big rallies experienced in similar situations in the past. Analysts are urging investors to be patient and avoid hasty sales. Because this potential rally will significantly increase the price of DOGE.
Dogecoin’s historical price movements provide hope for long-term gains. Therefore, investors are closely monitoring Dogecoin’s movements. Considering the volatility of meme coins, market experts emphasize that patience can be rewarding. Dogecoin’s performance will play a very critical role, especially as a new meme coin cycle is experienced. However, as Kriptokoin.com has reported, cryptocurrency markets carry risks and are volatile. It is important for investors to direct their investments by doing their own research.
