Report Highs for PYTH, JUP, and SEI Spark Hypothesis of an Altcoin Season

• PYTH cleared the $0.90 resistance because the OBV indicated an extra surge in its worth.
• The Stochastic RSI on the JUP 4-hour chart validated a bullish thesis that might drive it towards $2.
• SEI was overbought however a continuation of the bullish momentum may ship it to $1.50.

Solana-based Pyth Community (PYTH), Jupiter (JUP), and modular blockchain token Sei Community (SEI) registered new all-time highs on March 16. At press time, the value of PYTH was $1.13 due to a 28.77% rally within the final 24 hours.

JUP, however, pumped by 52.05% to hit $1.51 whereas SEI rallied to $1.14 earlier than it later declined to $1.09 as of this writing. Regardless of the value performances, analyst Altcoin Sherpa posted that the costs of JUP and PYTH may proceed to climb.

In a associated put up, Sherpa talked about that SEI was one other cryptocurrency that might surge after already rising by 13x since its launch. “I really like SEI essentially the most given the consolidation interval earlier than. I feel this one is a superb one to commerce proper now,” Sherpa defined within the put up on X.

Pyth Community (PYTH)

Towards the USD, PYTH ascended as bulls capitalized on the $0.85 assist. Afterward, the surge in shopping for strain was capable of assist the token clear the $0.90 resistance line. This transfer helped validate the long-term breakout.

As of this writing, PYTH had not confronted any rejection that might warrant a retracement. If this continues to be the case, the Fibonacci extension confirmed that the value may climb as excessive as $1.57.

Ought to merchants resolve to guide income, PYTH may drop again to the $0.90 resistance. Nonetheless, the On Steadiness Quantity (OBV) indicated that the token may not succumb to the downward pattern because the indicator mirrored a constructive quantity.

The OBV enhance means that market gamers had been shopping for the token in droves. If this continues, then PYTH’s worth may surpass its current all-time excessive.

Jupiter (JUP)

On the 4-hour JUP/USD chart, the stochastic RSI studying was considerably overbought, indicating that there might be a change within the momentum.

Nonetheless, the blue Ok-line had crossed over the orange D-line, hinting at a sustained shopping for strain. Whereas the worth of the token may decline a bit, a bounce within the $2 course appeared doubtless. Nonetheless, a downward crossover of the Ok-line under the D-line may invalidate the bullish bias.

A take a look at the Transferring Common Convergence Divergence (MACD) indicated a strong shopping for momentum for JUP. The constructive studying of the MACD is mostly perceived as a cue for greater worth. Ought to this stay the case, JUP may speed up its bullish motion.

Sei Community (SEI)

At press time, SEI’s try to hit $1.15 was rejected. Nonetheless, Coin Version seen that SEI’s breakout might be linked to the cup-and-handle sample on the 4-hour chart. This sample marks a bullish continuation after a cryptocurrency has remained in consolidation for some time.

With the formation, SEI was capable of get away and blast previous the $0.93 resistance. At press time, the RSI studying was above 70.00, indicating that the token was overbought. This highly-bullish momentum may halt SEI’s uptrend whereas dragging the value downwards.

In a extremely bearish state of affairs, SEI’s worth may reverse to the $0.93 resistance. Nonetheless, a continuation of the uptrend stays attainable. If so, the value of the token may lengthen towards $1.50.