A widely followed crypto analyst says one Solana (SOL) competitor may be gearing up for a breakout.

In a new thread, crypto trader Michaël van de Poppe tells his 783,000 followers on the social media platform X that Sei (SEI) may increase more than 100% its current value if it breaks through a key resistance level.

“SEI starts to show momentum. The Bitcoin pair has a strong bullish divergence on the higher timeframes and the USD pair faces a crucial resistance. Breaking through $0.20 opens up a continuation towards $0.30-$0.35.”

SEI is trading for $0.17 at time of writing, down 2.4% in the last 24 hours.

Next up, the analyst says that Bitcoin (BTC) is in a consolidation phase that may lead…