Following Trump’s declaration of a “Happy Cryptocurrency Week,” Bitcoin’s price surpassed $117,200. Although the decline that began with the opening of the U.S. market seems to have settled for now, further announcements from Fed members are expected. Should there be discussions of an interest rate cut in September, the decline may resume. Meanwhile, the prospects for SEI and ONDO Coins are gaining the spotlight.
SEI Coin Price Predictions
Not every altcoin has been a constant in our lives for numerous cycles, with many popular cryptocurrencies entering exchanges in the last one to two years. The race to find the next altcoin, capable of repeating the performance of SOL Coin and others during their initial cycles, continues. SEI Coin is one among these contenders.
Yoddha had previously voiced expectations for SEI Coin’s price surge. Currently, the popular altcoin is once again aiming for the peaks amid a general market recovery. The analyst anticipates the rally to continue and expects it to break the $0.75 resistance.
“SEI is not stopping anytime soon. (It will continue to rise.)”
With the upward momentum accelerating above the 200DMA, the coin targets the $0.75 resistance. If this is surpassed, it could aim for a new all-time high above $1.
ONDO Coin Price Predictions
For consistent altcoin gains, a strong appetite for risk is essential. This means avoiding significant downturns in ETH charts. Despite Bitcoin’s decline, Ethereum’s resilience above the $3000 threshold remains promising. While Bitcoin $0.000008 continues with a 2% loss for the day, ETH is experiencing a 1.2% increase.
Poppe points out that long positions might face a squeeze.
“A classic market move. We may see further drops to squeeze the long positions in Bitcoin and Ethereum $4,625. Remember, increased volatility means increased price, signaling potential significant corrections ahead.”
Ali Martinez has been fixated on ONDO Coin, sharing news of potential market-breaking developments after the coin achieved daily closes above $0.87, indicating a break from its descending triangle pattern.
Recently, the coin has made significant announcements about partnerships and new projects in the RWA space. Should the price continue to ascend, Martinez predicts a test of the $1.6 mark. At the time of writing, BTC is trading above $117,300, with ETH at $3,050.