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Experienced crypto analyst and strategist Altcoin Sherpa warned investors about the strong Solana (SOL) competitor Sei (SEI), which has risen over threefold in the last 30 days, indicating it may have peaked in the short term. The analyst also commented on the current status of Lido DAO (LDO) and Xai (XAI).
Warning of a Potential Downturn for SEI
The anonymous crypto analyst Altcoin Sherpa, from his personal account on social media platform X, told his followers that despite the Layer 1 network Sei‘s SEI token still being in an uptrend, it has started to show signs of rally fatigue.
In his warning for the altcoin, he first stated, “If you ask why it looks good, it’s because it has consolidated and the market structure on the high time frame is extremely bullish, it’s still trending up in all time frames, EMAs are all rising, and like other altcoins, it’s showing strength.” He then added:
If you ask why it looks bad, it’s because the rally might be at its exhaustion point and could be making its last big move. There could be a rotation from assets known as ARB/LDO/OP, such as SOL and SEI, into ETH season, which looks like it will then enter a distribution phase.
Analyst’s Comments on LDO and XAI
On the other hand, Altcoin Sherpa is closely monitoring the price movement of Lido DAO, a liquid staking service for Ethereum. The analyst explained that he still expects a rise in Lido DAO’s native asset LDO, but anticipates a correction to the 0.382 or 0.5 Fibonacci retracement level.
Finally, the analyst analyzed the game-focused crypto project Xai. Altcoin Sherpa emphasized that he expects XAI, supported by Binance, to revisit its urgent support level before rising, suggesting that the $0.90 level could be an important buying level for the altcoin.
