Analyst Michaël van de Poppe Says Solana Rival Has Upside Momentum, Maps Path Forward for Bitcoin and Ethereum

A widely followed crypto analyst believes one Solana (SOL) competitor may have more upside potential.

Crypto trader Michaël van de Poppe tells his 724,900 followers on the social media platform X that layer-one blockchain Sei (SEI) may soar more than 46% from the current value by next month.

“Altcoins are doing relatively well. SEI continues to find momentum, and I’d like to see it rally to $0.34 (preferably even above the previous high, but not expecting that yet), make a HL (higher low) and continue that rally to $0.44 in October.”

SEI is trading for $0.30 at time of writing, up more than 7% in the last 24 hours.

Next up, the analyst says that Bitcoin (BTC) may soon reclaim the $62,000 level if it can flip $58,000 into support.

“Bitcoin is doing what I wanted it to be doing. Great stuff, held above the crucial area of $56,000, and currently attacking resistance. If $58,000 breaks, then I suspect we’ll be at $62,000 in basically no time.”

Bitcoin is trading for $58,198 at time of writing, up nearly 4% in the last 24 hours.

Lastly, the trader predicts that Ethereum (ETH) will dip against Bitcoin (ETH/BTC) if Bitcoin breaks out into the $60,000 range.

“Clear invalidation is taking place on ETH for the bullish divergence as it’s on the fence of dropping sub 0.04 BTC. We’ll drop down some more if Bitcoin shows momentum to $61,000-$62,000.”

ETH/BTC is trading for 0.04039 BTC ($2,351) at time of writing, down more than 1% in the last 24 hours.

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Analyst Michaël van de Poppe Says Solana Rival Has Upside Momentum, Maps Path Forward for Bitcoin and Ethereum appeared first on The Daily Hodl.