Bitcoin (BTC) $59,001 The price is moving in the opposite direction before the Fed meeting. Altcoins have been harmed by this situation. We are familiar with such high volatility movements before every Fed meeting, but this time the bears are strong despite the fact that we will see an FOMC that will announce a discount decision after 4 years. Let’s take a look at the SEI, SUI and ETH charts of different crypto commentators, especially for altcoins.
SEI Coin Chart Comment
2 different crypto money analyst’s agenda today is SEI Coin. Recently, interest in altcoins has weakened and competition has increased. As a result, we have seen assets such as SEI, SUI and TIA Coin remain in the shadows. So what are the analysts’ predictions? Michael Poppe is one of the popular names in technical analysis and drew particular attention to SEI Coin in the chart he shared about 1 hour ago.
Poppe, who expects a very strong upward test, hopes for a rally to $0.4437 here. However, considering the BTC weakness, he also considers it possible that the $0.204 and $0.240 regions could be tested.
Same from altcoin There is a second crypto analyst who mentioned the same time. He shares a similar target with Poppe. He expects the price to rise to $0.44 in an environment where it is stable above $0.291. The chart shared by The Gem Miner also indicates the break points of the rally along with intermediate stops.
ETHBTC Chart Comment
Yesterday, it fell below the 0.04BTC level. ETH We mentioned that it has seen its worst price since April 2021. We also wrote that deeper bottoms are possible if the region cannot be regained. The expected “worse” part is happening today. While the 0.038 level is being tested in the ETHBTC parity, there is a risk that this will continue towards the 0.033BTC region.
Analyst Ran Neuner, who shared the chart above, said, “I didn’t expect it to be this bad.” Both ETH inflation and the lack of interest in altcoins have led to this picture. Short-term investors are now trying to turn BTC volatility into profit and are even selling their ETH assets in line with their short-term goals.
SUI Coin Price Prediction
The third altcoin of the day was SUI Coin, shared by The Gem Miner. We said that it is one of the altcoins that remained in the shadow, but there is an important detail here. It is useless, without infrastructure. meme coins or the cash spent on speculative movements may at some point shift to these assets that have not yet experienced a real bull season. Although competition is increasing, we are talking about projects that have reached a certain level of building their own ecosystems. That is why investors may give a chance to assets like SUI Coin that entered our lives at the end of bear markets.
The analyst says that the price above $1 could soon experience a sharp rise to $2.19. The Shark bullish formation on the chart is one of the things that increases his motivation.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
