Altcoins Rally as Bitcoin Targets $63,000

Some altcoins have turned upwards as Bitcoin aims to retarget $63,000. SHIB gained nearly 10% daily but experienced a slight pullback afterward. This article shares the latest chart insights for SHIB and SEI Coin, focusing on different experts’ recent predictions for both Bitcoin and altcoins.

SHIB and SEI Insights

Earlier today, we discussed how Shiba Coin’s price could be rapidly triggered by a potential Bitcoin surge. This has indeed happened, with the price finding buyers at $0.00001839 after a 10% daily increase. Considering Shiba Coin’s recent 20% rallies and subsequent corrections due to Bitcoin’s fluctuations, investors are evaluating the chances of a rebound.

An analyst under the pseudonym Yoddha signaled a breakout for Shiba Coin, predicting a new movement towards $0.00003 in the coming days. The analyst shared a chart indicating a mid-term target of $0.00007.

Crypto Tony is focusing on SEI Coin. Assets like SUI and SEI have remained under Solana $172’s shadow in the recent bullish period, yet many expect a good start for them this season. Notably, the on-chain activity for SUI Coin has drawn attention.

For SEI Coin, Tony shared a chart stating, “For my bullish sentiment to remain strong, $0.4 must hold in the daily close.”

What Will Happen to Bitcoin?

Of course, Bitcoin’s rise will determine the prices of altcoins. If Bitcoin does not maintain strength and seeks new lows, we won’t see a favorable scenario for altcoins. The Titan of Crypto wrote that the bullish momentum for the leading cryptocurrency continues without disruption. Assuming the $60,900 level is sustained, the analyst will consider the latest correction as a reasonable pullback.

Lastly, BACH has noted today’s surge. He mentions that closing above the EMA (21-50) cloud on the four-hour chart will support upward momentum. The analyst expresses optimism for the upcoming weeks, stating all data indicates significant rises in altcoins in the last quarter.

As of this writing, Bitcoin (BTC) $107,631 stands at $62,679, with daily volume remaining weak.