A popular crypto analyst has shared his bullish views on a competitor to Solana (SOL) and provided updates on three other altcoins.
Sei (SEI)
The analyst, known as Altcoin Sherpa, believes Sei could be a “decent trade” as it sits at a crucial support level. According to his analysis, SEI is resting on the 0.618 Fibonacci retracement level and below the 200-day exponential moving average (EMA).
Pepe (PEPE)
The analyst noted that Pepe is slightly above the 200-day EMA and the 0.618 Fibonacci retracement level on the 12-hour chart. He commented that while the memecoin looks “scary,” many altcoins are finding support at these levels.
Ethena (ENA)
Altcoin Sherpa has accumulated ENA, as it is near a potential reversal point (above the 0.50 Fibonacci retracement level) after a correction from its recent high. He expressed uncertainty about the outcome, saying it could either “be wrecked or be good.”
Celestia (TIA)
The analyst believes TIA is currently attractive for accumulation after showing a strong recovery from a market correction. He suggests that those with “balls of steel” could consider buying TIA at current levels.
