$W and SEI Show Bullish Momentum with 400% and 100% Gains Possible

$W and SEI, two prominent altcoins, have recently exhibited strong bullish signals, suggesting a potential rebound in the altcoin market. $W, which has been in a steep downtrend since early 2024, falling from $1.05 to around $0.0743, has shown a strong bullish divergence on the Relative Strength Index (RSI). This divergence indicates a possible trend reversal, as the RSI is forming higher lows while the price continues to form lower lows. Additionally, trading volume near the bottom has surged, indicating that buyers are stepping in. A descending support line has consistently held throughout the decline, and the price is currently consolidating near this support with minor green candles emerging. The RSI is rising but remains below 50, hinting at growing strength without full confirmation. Consequently, the upside potential is notable, with a diagonal target line suggesting a move toward the $0.40 region.

SEI, on the other hand, has broken out of its long-term descending channel, with price action rebounding from a major demand zone and now trading near $0.2855. The Ichimoku Cloud indicator has turned from bearish red to bullish green, confirming growing buyer interest. Trading volume spiked during the breakout, aligning with stronger market participation. Recent candles show smaller bodies, indicating short-term indecision. However, SEI holds firm above key support levels, reinforcing the breakout’s validity. Analysts expect a possible retest of previous resistance near $0.60–$1.40 if strength persists.

Both $W and SEI are flashing bullish momentum as technical patterns and volume shifts point to a broader altcoin trend reversal underway. Crypto analyst Michaël van de Poppe highlights $W’s strong bullish divergence and believes its price may double soon. At the same time, SEI has officially broken out of a descending channel, backed by strong volume and a recovery from key demand zones. These moves suggest a growing momentum shift across select altcoins, attracting both traders and analysts.

In summary, the recent bullish signals from $W and SEI indicate a potential shift in the macro trend for altcoins. The strong RSI divergence in $W and the breakout from the descending channel in SEI, along with the increasing trading volume and bullish Ichimoku signals, suggest a rally toward higher levels. This trend reversal is attracting attention from traders and analysts alike, who are closely monitoring the developments in the altcoin market.