A popular analyst predicts a potential 200% rally for SEI if it breaks out of the Falling Wedge pattern.
Sei Network’s v2 upgrade boosted daily transactions to 5 million and TVL by 229%, reaching $95.3 million.
In the middle of a seemingly lethargic cryptocurrency market, popular analyst Captain Faibik has expressed his thoughts on Sei Network’s (SEI) token. The analyst’s chart shows that SEI price is still inside a Falling Wedge formation on the daily timeframe.
$SEI Falling Wedge on the Daily timeframe Chart is Still in play..!!
Still Expecting +200% Bullish Rally in the Midterm after Breakout..#Crypto #SEI #SEIUSDT pic.twitter.com/0GXqtsIMqs
— Captain Faibik (@CryptoFaibik) August 10, 2024
Possible Reversal Ahead as SEI Strengthens
SEI has shown hints of strength in recent days after forming a lower low, which typically indicates a reversal. Captain Faibik anticipates a 200% rise in the medium term if the price breaks out of this pattern.
However, the analyst adds that al
