Date: Thu, February 20, 2025 | 01:05 PM GMT
In the cryptocurrency market, within the last 24 hours, major altcoins are showing signs of recovery after experiencing weeks of corrections.
Among them, two layer-1 tokens, Sei (SEI) and EOS (EOS), are displaying strong upside momentum. SEI has surged 12% following a key breakout, while EOS is up by over 3%, hovering near a key resistance level and hinting at a potential breakout of its own.
Source: Coinmarketcap
Sei (SEI)
Sei (SEI) has successfully broken out of a falling wedge, signaling a reversal from its previous downtrend. After testing support near $0.19, SEI moved sharply upward, breaking through the wedge’s upper resistance trendline.
Sei (SEI) Daily Chart/Coinsprobe (Source: Tradingview)
It is currently trading around $0.25, testing the 25-day SMA resistance. There is a possibility of a retest at the breakout level before further gains, but if SEI manages to get above this SMA, the next key resistance levels to watch are $0.34 and $0.48—an 88% upside from the current price.
EOS (EOS)
On the other hand, EOS (EOS) is showing a similar pattern to SEI, still trading within a falling wedge and approaching a critical breakout zone. The price recently bounced from $0.49, holding above the support trendline, and is now testing both the upper resistance boundary of the wedge and the 200-day SMA.
EOS (EOS) Daily Chart/Coinsprobe (Source: Tradingview)
Currently, EOS is trading at $0.64. If it successfully breaks out above this pattern with a crossing 200 SMA and confirms the move with a retest, the next key resistance levels would be $0.82 and $1.03, representing a 60% potential upside from current levels.
Final Thoughts
With altcoins regaining momentum, layer-1 tokens like SEI and EOS are showing renewed strength. SEI has already confirmed its bullish breakout, and if it maintains support, further gains are likely. Meanwhile, EOS is approaching a key breakout point, and a successful move above resistance could spark a strong upward rally.
Traders and investors should watch these levels closely as SEI leads the way, and EOS could soon follow suit.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
