Experts Predict Altcoin Movement as Bitcoin Surpasses $63,500

Altcoins are gaining momentum, with experts revealing their targets as the overall market is expected to rise in October. Bitcoin’s price surpassing $63,500 has fueled motivation for other cryptocurrencies. This rise in Bitcoin $105,377 is helping to focus on the targets for altcoins such as SEI and SOL Coin. But what prices can we expect for these altcoins?

SEI Coin Insights

TraderXO referred to a chart shared on October 3 during today’s market assessment. The analyst had previously set a new peak target above $0.65. Today’s post indicates that the price is moving towards the target after rebounding from the support level. The analyst is eyeing the $0.595 and $0.966 levels for the upcoming months.

TraderXO initiated a position at $0.28 and has taken some profit above $0.38, suggesting that he may reassess this area during a retest.

SOL Coin and Other Altcoins

As of writing, Solana $166 (SOL) is trading at $148. Is this level reasonable for buying? In today’s evaluation, Crypto Tony stated that convincing closures above $164 are necessary for a parabolic rally. According to him, it may be more logical for bulls to enter above this level.

Subsequent targets include $188 and $210, followed by $256. Despite several attempts, SOL Coin has struggled to remain above $200 due to abnormal shifts in market sentiment and six months of stagnant movements.

The final evaluation for altcoins was provided by Moustache, who noted a growing bullish sentiment among analysts. Both historical data and the Fed’s interest rate cuts are supporting this sentiment. Additionally, the anticipated increase in money supply after the U.S. elections is also boosting risk appetite among traders.

On a global scale, expansionary measures taken by China and other central banks are another reason behind the current motivation. Moustache wrote in a recent assessment,

“With yesterday’s weekly closure, altcoins have returned above the SMA20 (weekly). In the past, this has led to strong upward movements in the entire altcoin market. Here we go.”