Renowned cryptocurrency expert and trader Michaël van de Poppe has identified a potential bullish reversal for Sei (
SEI
), a competitor to Solana (
SOL
).
Van de Poppe, sharing his insights with his 719,300 followers on X, predicts that Sei is on the brink of a new wave of upward momentum that appears inevitable.


Source: Michaël van de Poppe/X
Having declined by approximately 70% against Bitcoin (SEI/
BTC
) since January, Sei may find a strong support level at 0.0000006 BTC ($0.42) based on Van de Poppe’s daily timeframe chart.
Currently boasting a market capitalization of around $1.6 billion, Sei is trading at 0.00000768 BTC ($0.543) at the time of this analysis.
In terms of Bitcoin, Van de Poppe notes that the leading cryptocurrency is currently range-bound between $67,800 and an all-time high of approximately $73,800. The expert suggests that Bitcoin is poised for a breakout towards a new record high.
However, in the event of a bearish turn for Bitcoin, Van de Poppe provides a chart outlining potential support levels for BTC, including $67,789, $60,748, and $56,000.


Source: Michaël van de Poppe/X
Van de Poppe believes that the main driving factors for Bitcoin and other cryptocurrencies will be the relaxation of monetary policies.
“The European Central Bank has made the decision to lower interest rates today. It is the first central bank to do so, and I anticipate that the Federal Reserve will follow suit and resume quantitative easing. This is seen as the only viable solution to the current economic situation. In response, I recommend long positions in crypto, Bitcoin, and commodities.”
To stay informed, subscribe to receive email alerts directly to your inbox.
For the latest price movements, follow us on X, Facebook, and Telegram.
Explore The Daily Hodl Mix for a mix of news.


Disclaimer: The opinions expressed by The Daily Hodl do not constitute investment advice. Investors are advised to conduct thorough research before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. Please be aware that all transfers and trades are undertaken at your own risk, with any resulting losses being your responsibility. The Daily Hodl does not endorse the purchase or sale of any cryptocurrencies or digital assets, nor does it provide investment advice. Please note that The Daily Hodl engages in affiliate marketing.