Pseudonymous analyst Bluntz recently shared a bullish forecast for a cryptocurrency that has seen a surprising triple-digit rally in recent months. The expert emphasized in his analysis that the cryptocurrency could soon increase its price by more than 150%.

The cryptocurrency trader highlighted in his analysis that the Sei (SEI) cryptocurrency could experience a price increase of approximately 152% from its current level. The trader’s analysis was based on the price action of SEI/BTC.

“$SEI continues to consolidate and then rise, I thought the psychological level of $1 in SEI was a good target. After checking sei/btc now, I think $2 is not out of the realm of possibility,” he wrote in the analysis on February 13.

At the time of publication, the price of Sei was quoted at US$ 0,9591 with high 9.6% in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$491,674,776.

It is worth remembering that the continuous rise of the largest cryptocurrency on the market, Bitcoin (BTC), at the beginning of the year helped to increase the prices of altcoins at the beginning of this year, as noted by an analysis by Santiment, boosting the price of the SEI cryptocurrency.
Recently, Bitcoin rose to the $4,42,000 level, pushing most cryptocurrencies to trade in profits. Over the past two weeks, the SEI token price has increased significantly. In the last 14 days, the cryptocurrency has appreciated by an impressive 50.2%, corroborating the period of recovery in the price of Bitcoin, which has been on the rise since last week and broke the US$ barrier at the beginning of this week.


The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.


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