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SEI Gains Momentum Following Key Breakout: Is EOS Gearing Up For A Similar Move?

SEI Gains Momentum Following Key Breakout: Is EOS Gearing Up For A Similar Move?

CoinsProbeCoinsProbe2025/02/20 19:44
By:Nilesh Hembade

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.

SEI Gains Momentum Following Key Breakout: Is EOS Gearing Up For A Similar Move? image 0 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 Gains Momentum Following Key Breakout: Is EOS Gearing Up For A Similar Move? image 1 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.

SEI Gains Momentum Following Key Breakout: Is EOS Gearing Up For A Similar Move? image 2 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.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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