The cryptocurrency market is witnessing a resurgence, with major altcoins recovering after weeks of corrections. Among them, two layer-1 tokens, Sei ($SEI ) and EOS ($EOS ), are exhibiting notable upward momentum. SEI has surged 12% following a key breakout, while EOS has gained over 3%, positioning itself near a critical resistance level and signaling a potential breakout.
Sei (SEI) Analysis
Sei (SEI) has successfully broken out of a falling wedge formation, indicating a reversal from its prior downtrend. After testing key support near $0.19, the token surged upward, breaching the wedge’s upper resistance trendline.
According to recent market data, SEI is currently trading around $0.25, testing resistance at the 25-day Simple Moving Average (SMA). While a retest of the breakout level remains possible, a decisive move above the SMA could open the door for further gains. The next significant resistance levels to monitor are $0.34 and $0.48, representing an 88% potential upside from its current price.
EOS (EOS) Analysis
EOS is mirroring SEI’s price action but remains within a falling wedge pattern, approaching a critical breakout zone. Recently, the token rebounded from $0.49, holding support along the lower trendline and now testing both the upper resistance boundary of the wedge and the 200-day SMA.
At present, EOS is trading at $0.64. If the price successfully breaks out above this pattern and confirms the move with a retest, the next resistance levels to watch are $0.82 and $1.03, indicating a potential 60% upside from current levels.
Market Outlook
With altcoins regaining strength, layer-1 tokens like SEI and EOS are demonstrating bullish momentum. SEI has already confirmed its breakout, suggesting further upside potential if key support holds. Meanwhile, EOS is approaching a decisive breakout point, where a move above resistance could trigger a substantial rally.
Traders and investors should closely monitor these key levels as SEI leads the upward trend, with EOS potentially following suit.
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