Sei (SEI), a Solana rival, is making some serious moves and a seasoned trader is bullish on its future.
The Flow Horse, a well-known trader in the crypto world, is pumped about SEI after it broke through a long-standing resistance level at $0.40. He’s calling it a “key inflection point” and is ready to buy more SEI until something proves him wrong.
SEI has already climbed above $0.50 since The Flow Horse’s call, though it’s currently trading around $0.469.
While the altcoin market is generally doing well, The Flow Horse warns that not every coin is going to keep rising. He’s particularly wary of Shiba Inu (SHIB), a Dogecoin rival, and sees potential for short sellers to make money as the price might be getting overheated.
SHIB is currently down over 5% on the day, trading at $0.000019.
The Flow Horse’s call on SEI is a reminder that even in a bullish market, there are still opportunities for both buying and selling. It’s important to do your own research and not just blindly follow any trader’s advice.
