Bitcoin’s renewed strength is lifting sentiment across the market and putting several altcoins into technically important positions. Solana (SOL), Avalanche (AVAX), and Sei (SEI) have each reached breakout zones that could set the stage for the next leg higher — provided key levels hold and volume confirms the moves.
Solana (SOL) — Since early August, SOL has rallied roughly 43%, moving up against the upper edge of a rising trendline and clearing a major horizontal barrier at $220. That level now looks like a pivot: if price sustains above the trendline and $220 holds as support, the next logical resistance targets are near $252 and then the previous all-time high around $295. Traders watching SOL will want to see follow-through and rising on-chain activity on the Solana blockchain to validate the breakout.
- Recent move: ~43% rally since early August
- Key pivot: $220 (now potential support)
- Upside targets: $252 → $295 (previous ATH)
Avalanche (AVAX) — AVAX has posted a gain of just over 30% since August, largely after accumulating inside a triangle formation that recently resolved to the upside. AVAX now confronts a critical horizontal resistance at $27. A successful breakout through $27 opens upside targets near $32 and $42. Structural trend change — from downtrend to confirmed uptrend — likely won’t be in place until AVAX clears much higher resistance near $65, so measured position sizing and attention to volume are prudent.
- Recent move: just over 30% gain since August
- Immediate resistance: $27
- Upside targets on breakout: $32 → $42; longer-term confirmation above $65
Sei (SEI) — SEI’s daily chart shows a prolonged downtrend from March 2024 that appears to have been pierced. Price is consolidating above the breakout and is confirming $0.30 as a short-term horizontal support. If this level holds, SEI could attract renewed buying as traders reassess the token’s outlook after months of weakness.
Market context and risk — These breakouts come amid broader crypto market strength led by Bitcoin and Ethereum. While breakouts offer upside potential, false breakouts remain common — especially in volatile crypto and DeFi markets.
Watch the confirmations: monitor trading volume, on-chain metrics, and macro drivers; apply disciplined risk management to any positions.
Traders should monitor trading volume, on-chain metrics, and macro drivers, and apply risk management to any positions. Check back for updates as price action evolves.
