These Altcoins Aim to Recover 50% of Their Losses This Month After Initiating a 20% Rise

Altcoins are gaining strength as Ethereum demonstrates stability, being self-assured of the upcoming price action

Altcoins are gaining strength as the Bitcoin price seems to have stabilised, making traders optimistic about the upcoming price action. While some have risen above the bearish trap, others have triggered a double-digit upswing.

As the Bitcoin price has displayed some weakness in the recent past, the values appear to have stabilised within a range. This has also impacted the second-largest token, Ethereum, which has managed to hold above $3000 as bears remain passive.

As the ETH price displays strength, the Ethereum-based tokens and some of the other altcoins like Celestia (TIA) & Sei (SEI) show huge potential to remain elevated throughout the week. Moreover, if they succeed in closing the weekly trade on a bullish note, the end of the month may witness a huge price action.

Celestia (TIA) Price Analysis

After rising by over 20% in the past week, TIA is now trading at an average price of $0.08 with a market cap of over $800 million. The token has displayed strength in the past few days, rising from a low of $0.05 to reach its current levels.

However, the token's price has faced some resistance at the $0.10 level, which may take a few more days to cross. If the bears fail to push the price below $0.07 by the end of this week, the token may close the week with gains of over 50%.

Sei (SEI) Price Analysis

SEI is another token that has risen by over 20% in the past week, currently trading at an average price of $0.35 with a market cap of over $300 million. The token has risen from a low of $0.25 to reach its current levels.

After facing resistance at the $0.40 level, the bears have managed to push the price below this level, indicating that it may take a few more days for the token to cross this level again. However, if the bears fail to push the price below $0.30 by the end of this week, the token may close the week with gains of over 50%.

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