SEI, WIF, VIRTUAL recorded double-digit gains following news of the Israel–Iran ceasefire order.

Information about the ceasefire agreement between Israel and Iran has sparked a strong bounce back wave in the crypto market, as Bitcoin (BTC) surged back to the $105,000 mark. Altcoins like Sei (SEI), Dogwifhat (WIF), and Virtuals Protocol (VIRTUALS) are experiencing strong breakthroughs, recording double-digit increases as of the time this article was written on Tuesday. The recovery momentum of the leading altcoin group is spreading, with expectations to continue conquering higher thresholds as risk appetite gradually returns to the market.

According to a statement from U.S. President Donald Trump, a comprehensive ceasefire agreement has been established between the two countries following the final operations. Iran was the first party to agree to the ceasefire, followed by a 12-hour lull before Israel officially approved, thus putting an end to the 12-day-long conflict in the Middle East — right at the fateful Hour 24.

SEI Price Forecast: The Bounce Back Aiming for the Peak in Two Months

As of the time of writing on Tuesday, SEI recorded a slight increase of 9%, extending an impressive bounce back of 22% from Monday's trading session. The current uptrend has helped the price surpass the 200-day exponential moving average (EMA) at the level of $0.2609, while also forming a second consecutive bullish candle – a positive signal for the price trend.

The immediate goal of SEI is to conquer the milestone of $0.2732 – the peak of May. If the bounce back momentum is maintained, the price could aim for new heights within 60 days, with the next important resistance level at $0.2923 – the highest level since February. Once this price level is decisively broken, the upward trend could extend to the area of $0.3642 – the peak that was established on January 21.

Daily chart of SEI/USDT | Source: TradingViewTechnically, the MACD indicator has crossed above the signal line as well as the 0 mark, sending a clear buy signal. At the same time, the return of the green histogram bars from the 0 threshold further strengthens the possibility of the start of a new uptrend.

The Relative Strength Index (RSI) is currently at 70, reflecting a strong increase in buying pressure and approaching the overbought zone. However, investors still need to be cautious of the potential for short-term corrections if the crypto market enters an overheated state.

In a negative scenario, if SEI cannot maintain a closing level above the 200-day EMA, the price may reverse to test the important support level at the 100-day EMA, around the mark of $0.2183.

WIF Price Forecast: The Morning Star Pattern Rekindles Bullish Hopes

Dogwifhat (WIF) is recording a steady upward trend at the time of writing on Tuesday afternoon, maintaining a 20% increase compared to the previous day. Notably, the strong bullish engulfing candle ( has formed following this breakout, completing the morning star ) pattern – a technical structure that often signals a trend reversal after a deep decline. Previously, WIF experienced an 8% drop on Saturday and formed a Doji candle due to the market's indecisive sentiment.

Currently, the recovery momentum is testing two important resistance levels, which are the 50-day EMA and the 100-day EMA – both are moving sideways around the $0.85 level. If the price can close above these levels, the uptrend could be solidified, bringing WIF closer to the psychological level of $1.

WIF/USDT daily chart | Source: TradingViewIn the MACD indicator, the MACD line is approaching the signal line, raising expectations for a (bullish cross). If it occurs, this will form a positive histogram above the 0 line, further reinforcing the reversal signal.

Meanwhile, the RSI has bounced back from the oversold region and is currently at 48 – close to the neutral zone – indicating that the momentum is gradually recovering.

However, if the bulls cannot maintain enough pressure to push the price above these dynamic resistances, WIF risks turning around and dropping back to the weekly low around the $0.63 mark.

VIRTUAL Price Forecast: Bulls Target Breakout at 50-Day EMA

Virtuals Protocol temporarily adjusted slightly by 2% on Tuesday afternoon, after an impressive breakout of 23% in the first trading session of the week – originating from the strong support area of the 200-day EMA at $1.39.

Similar to Dogwifhat (WIF), the price action of VIRTUAL is sending positive signals as it forms a "morning star" candlestick pattern – a potential sign of a bullish reversal. Currently, this token is testing the short-term resistance zone at the 50-day EMA around the $1.71 mark.

VIRTUAL/USDT daily chart | Source: TradingViewIf the buying power is strong enough to help the closing price surpass this level, the uptrend may be reinforced, opening up room to advance towards the resistance line – established through the series of declining peaks on the dates 1/2, 5/27, and 6/11 – around the psychological mark of $2.

The market momentum is also leaning towards the bulls, as the MACD indicator approaches a bullish crossover point, while the signal line begins to show signs of a trend reversal. At the same time, the RSI has strongly bounced back to a level of 46 – approaching the neutral zone – indicating that buying pressure is returning.

On the contrary, if VIRTUAL cannot conquer the 50-day EMA, the correction scenario will be activated, with the 100-day EMA at $1.57 becoming the next testing point.

SN_Nour

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The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
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