Analysts predicted continued growth, with SEI and other altcoins showing promising signs of further upside.
The global altcoin market cap, which had dropped below $800 billion, has since recovered, climbing to $920 billion as of press time. Moustache was not alone in his positive outlook. Another well-known analyst, Michael Van De Poppe, also shared his thoughts on the altcoin market’s potential.that many altcoins experienced their first upward push in the past week, and predicted a brief period of consolidation before the uptrend resumes.
He suggested that if SEI maintains this support, it could target a price of $0.46 in the near future.from Coinglass, while SEI’s Open Interest—the total number of outstanding derivative contracts—has decreased by 4.14% over the past day to $96.55 million, its Open Interest volume has surged by 44% to $313.13 million.This increase in Open Interest volume suggested that despite the short-term decline, there was significant interest in SEI’s future price movements.