FTM and SEI Holds Bullish Ground Despite Market Correction: What's Ahead?

Date: Tue, Nov 26, 2024, 12:58 PM GMT

Today, the cryptocurrency market is facing a correction, with Bitcoin (BTC) dropping nearly 6% from its recent all-time high of $99,655, now sitting at around $92,000. This downturn has affected most major altcoins, but two Layer-1 tokens, Fantom (FTM) and Sei (SEI), are standing out by holding their bullish ground and showing noticeable gains.

Source: Coinmarketcap

Fantom (FTM):

Fantom (FTM) has seen a strong rally since it broke out of a downtrend at $0.69, pushing its price to its current level of $1.02, just above the $1.00 support level.

From here, FTM is approaching its next resistance level at $1.22, which would represent a 20% upside from its current price. If it manages to break through this level, we could see FTM rise to $1.68, a 65% increase from where it is now.

Sei (SEI):

SEI made a strong move after breaking out from its support level at $0.57, reaching a high of $0.69, which is now acting as its resistance.

Despite the broader market correction, SEI is showing strong momentum. If it breaks above the $0.69 resistance, SEI could approach $0.75 and potentially $0.91, marking a 40% increase from its current price.

Conclusion

While the broader cryptocurrency market is grappling with a correction, Fantom (FTM) and Sei (SEI) are emerging as rare bright spots. Their resilience amid the downturn highlights strong momentum and potential for further growth. Both tokens are approaching key resistance levels that could trigger significant price gains if breached.

Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

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