- Bitcoin and Ethereum surged 4% and 8% respectively over the past week, providing relief to altcoins including SEI and GALA which are showing early recovery signs after major corrections.
- SEI is forming a double-bottom pattern at $0.18 support and trading at $0.2074, with MACD indicators suggesting weakening selling pressure and potential targets toward $0.73 resistance.
- GALA has also formed a double-bottom pattern after an 80% decline, now holding $0.01380 support and trading at $0.01830 with MACD hinting at a possible bullish crossover.
- Both tokens need to break above key moving averages to confirm reversals, with recovery also dependent on Ethereum's continued price action and overall market sentiment.
Date: Tue, March 25, 2025 | 09:40 AM GMT
The cryptocurrency market is showing strong signs of a rebound as Bitcoin (BTC) and Ethereum (ETH) both jumped by 4% and 8% over the last seven days, providing much-needed relief to altcoins. Among them, Sei (SEI) and Gala (GALA) are beginning to show early signs of recovery after experiencing a heavy correction over the past 90 days.
With improving sentiment, both tokens have recorded noticeable weekly gains, and ongoing price action suggests that a potential recovery may be underway.
Sei (SEI)
SEI appears to be forming a double-bottom pattern, a classic bullish reversal signal, after failing to break above the $0.73 resistance in early December 2024. Following this rejection, the price witnessed a sharp decline, reaching its second bottom at $0.18, where it has managed to stabilize.
At the time of writing, SEI is trading at $0.2074, showing signs of stabilization at this key level. The MACD indicator is beginning to hint at a shift in momentum, as selling pressure appears to be weakening.
If SEI successfully holds support and buyers step in, the next logical target would be a move toward the 50-day moving average (MA) resistance, with a potential rally toward the $0.73 neckline. A breakout above this level could confirm a full reversal, opening the doors for a potential return to the $1+ range in the coming months.
Gala (GALA)
Much like SEI, GALA has also formed a double-bottom pattern after experiencing a sharp downtrend. The decline started when it failed to break the $0.066 neckline resistance in early December 2024. Since then, GALA has seen a major correction, plunging 80% from its highs, revisiting the $0.01380 support level, marking the second bottom of the pattern.
With this structure forming, GALA has managed to hold its support and is now trading at $0.01830, indicating a potential shift in trend. The MACD (Moving Average Convergence Divergence) indicator is also hinting at a possible bullish crossover, suggesting that momentum could be shifting in favor of the bulls.
If GALA successfully maintains support and buyers step in, the next logical target would be a move toward the 25-day MA, which will confirm a recovery. A break above the $0.066 neckline would solidify the reversal, setting the stage for a potential rally towards the $0.086+ range in the coming months.
Will This Pattern Spark a Reversal?
Both SEI and GALA have managed to hold key support levels, and their double-bottom formations suggest that as long as these levels hold, there is a strong chance for a price bounce. However, bullish confirmation will only come if these tokens break above their key moving averages (MAs)—signaling a clear shift in market sentiment.
Another major factor influencing their recovery will be Ethereum’s price action. If ETH starts a strong uptrend, it could trigger a broader altcoin rally, reinforcing bullish momentum in SEI and GALA.
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