Fantom (FTM) and SEI are both showing promising technical patterns. Experts suggest these patterns could lead to substantial price increases in the coming weeks. This analysis comes as the crypto market continues to show signs of recovery.
FTM Price Prediction
Javon Marks highlighted the potential for FTM’s price recovery. Marks noted that Fantom had confirmed a Hidden Bullish Divergence, a technical signal often indicative of a potential upward trend.
$FTM (Fantom) continues o hold a Hidden Bullish Divergence here and prices can be setting up for its next wave towards the $3.0053 target!This divergence can be what sparks a massive continuation within an over 522% uphill run to reach this target and prices may move quickly… https://t.co/DguWG8hr8x pic.twitter.com/kyzPXZBNMe
— JAVON MARKS (@JavonTM1) July 10, 2024
This divergence, as explained by Marks, suggests that despite the recent retracement in FTM’s price, the token could be about to have a massive continuation rally.
According to Marks, this pattern is not new for Fantom. The token has previously retraced after confirming a similar divergence, only to later embark on a substantial recovery.
He predicts that if history repeats itself, Fantom could see a recovery move of over 234%, ultimately pushing towards a larger breakout target of $3.0053. Marks emphasizes the significance of this target, which could signal a 522% uphill run if achieved.
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Show more +Show less – SEI Price Forecast
In addition to Fantom, SEI is also on the radar of crypto analysts, with Captain Faibik providing insights into its potential movement. SEI is currently trading within a falling wedge pattern on the daily timeframe, a technical formation that is often considered a bullish reversal indicator.
The pattern, characterized by converging trendlines sloping downward, suggests that SEI might be gearing up for a breakout.
According to Captain Faibik, the SEI token is nearing the lower boundary of the wedge, where it recently rebounded upward. This movement indicates a potential breakout above the upper trendline of the wedge.
$SEI Falling Wedge on the Daily timeframe Chart is Still in play..!!Still Expecting +200% Bullish Rally in the Midterm after Breakout..#Crypto #SEI #SEIUSDT pic.twitter.com/0GXqtsIMqs
— Captain Faibik (@CryptoFaibik) August 10, 2024
Faibik predicts that such a breakout could trigger a bullish rally, with SEI potentially surging by over 200% in the midterm. The anticipated price target aligns with the green box highlighted on the chart provided by Faibik, representing the zone SEI could reach following the breakout.
Read also: Toncoin Price Prediction: Expert Eyes “An Easy $10” – Will TON Flip SOL and BNB?
Conclusion
The analyses provided by Javon Marks and Captain Faibik highlight the potential for gains in both FTM and SEI. Marks’ prediction of a possible 522% surge for Fantom, coupled with Faibik’s expectation of a 200% rally for SEI, highlights the importance of closely monitoring these tokens.
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The post Fantom (FTM) and SEI Price Prediction: Experts Highlight Key Patterns Signalling Potential For Massive Gains appeared first on CaptainAltcoin.
