Bitcoin has begun to recover, surpassing the $111,300 mark, while altcoins are showing slight gains of 1-2%. Amid anticipation for upcoming inflation data, investors are looking for clarity regarding the Federal Reserve's rate cut pace.
Price Predictions for WLFI and SEI
The analyst has noted the continued bullish trend for SEI Coin, predicting a target price of $0.37. The altcoin is eyeing barriers at $0.301 and $0.3124 after breaking through several resistance levels.
WLFI, initiated by the Trump family, is also attracting attention, showing interest even above the presale price. Its resilience from declines motivates buyers. Michael Poppe has shared an updated chart discussing further upside potential.
Overview of Bitcoin's Situation
The trading volume for Bitcoin has slightly increased in recent hours. Analyst DaanCrypto shares his view on the market, mentioning a calm weekend due to prices lingering in the CME closing zone. It is expected that the price will remain in this zone without significant changes.
He noted that there are larger gaps such as $92,000 and $117,000 that become significant only if the price trades with a 2-3% difference.
Cryptocurrency Market and Geopolitical Risks
Currently, the news flow regarding the new market is calm. However, issues surrounding Russia remain relevant. Unexpected sanctions from Trump may not be surprising. The European Union has not yet taken any concrete actions regarding Google's $3.5 billion fine.
The cryptocurrency market continues to search for direction amid political uncertainty. Bitcoin and altcoins, such as WLFI and SEI, remain in the spotlight for investors seeking signals about future price movements.
