Report highs for PYTH, JUP and SEI Spark hypothesis in altcoin season

• PYTH cleared the $0.90 resistance because the OBV indicated additional upside in its value.
• The Stochastic RSI on the 4-hour chart of JUP confirmed a bullish thesis that might take it to $2.
• SEI has been overbought, however a continuation of the bullish momentum might ship it to $1.50.

Pyth Community (PYTH), Jupiter (JUP), and modular blockchain token Sei Community (SEI) hit new all-time highs on March 16. At press time, the worth of PYTH was $1.13 because of a 28.77% enhance within the final 24 hours.

Then again, JUP pumped 52.05% to $1.51, whereas SEI rose to $1.14 earlier than later falling to $1.09 on the time of writing. Regardless of the worth efficiency, Altcoin analyst Sherpa mentioned that JUP and PYTH costs might proceed to rise.

In a associated submit, Sherpa talked about that SEI was one other cryptocurrency that might skyrocket after already growing 13x since its launch. “I really like SEI essentially the most due to the earlier interval of consolidation. I feel this one is nice to commerce proper now,” Sherpa defined in a submit on X.

Pyth Community (PYTH)

In opposition to the USD, PYTH rallied as bulls capitalized on the $0.85 help. Later, the rise in shopping for strain was in a position to assist the token break the $0.90 resistance line. The transfer helped verify a long-standing leak.

On the time of writing, PYTH has not confronted any rejection that warrants a retracement. If this continues, the Fibonacci extension confirmed that the worth might climb as much as $1.57.

If merchants determine to take earnings, PYTH might drop again to the $0.90 resistance. Nevertheless, the On Stability Quantity (OBV) indicated that the token might not succumb to the downtrend because the indicator displays optimistic quantity.

The rise in OBV signifies that market gamers have been shopping for the token in droves. If this continues, then the worth of PYTH might surpass its current all-time excessive.

Jupiter (JUP)

On the 4-hour chart of JUP/USD, the Stochastic RSI was considerably overbought, indicating {that a} change in momentum could possibly be on the way in which.

Nevertheless, the blue Ok-line crossed over the orange D-line, indicating sustained shopping for strain. Whereas the worth of the token might have fallen a bit, a rebound in direction of $2 appeared seemingly. Nevertheless, a downward cross of the Ok-line beneath the D-line might nullify the bullish bias.

A have a look at the Shifting Common Convergence Divergence (MACD) indicated strong shopping for momentum for JUP. A optimistic MACD studying is mostly seen as a cue for larger value. If it stays that means, JUP might speed up its bull run.

Sei Community (SEI)

At press time, SEI’s try to succeed in $1.15 was rejected. Nevertheless, Coin Version famous that the SEI breakout could possibly be associated to a cup-and-handle sample on the 4-hour chart. This sample marks a bullish continuation after the cryptocurrency remained in consolidation for a while.

With this formation, the SEI was in a position to break via the $0.93 resistance. At press time, the RSI studying was above 70.00, indicating that the token is overbought. This extremely bullish momentum might halt the SEI uptrend whereas dragging the worth down.

In a extremely bearish state of affairs, the SEI value might flip to the $0.93 resistance. Nevertheless, a continuation of the upward pattern stays attainable. In such a case, the worth of the token might enhance as much as $1.50.