This Solana Rival Is Looking Great Amid Bitcoin Pullback, Says Top Crypto Analyst
A closely followed crypto analyst says that one Solana ( SOL ) rival is exhibiting market strength despite Bitcoin’s ( BTC ) pullback to the lower $90,000 range.
Pseudonymous analyst Pentoshi tells his 822,400 followers on the social media platform X that the native token of the layer-1 blockchain Sei ( SEI ) is primed for another leg up.
“SEI is another one that not only looks great with a high timeframe flip and clear invalidation, but also holding up very well like many alts on this BTC pullback. Here is the daily and weekly. Just to compare to a similar setup shared [on November 23rd]. When BTC chills out, alts should continue up.”
![This Solana Rival Is Looking Great Amid Bitcoin Pullback, Says Top Crypto Analyst image 0](https://img.bgstatic.com/multiLang/image/social/5f5778a9e62a17ff2262ac9bb02742b81732718660288.jpeg)
![This Solana Rival Is Looking Great Amid Bitcoin Pullback, Says Top Crypto Analyst image 1](https://img.bgstatic.com/multiLang/image/social/396fb6a9ebfe9524ad0878831a1f50531732718660362.jpeg)
SEI is trading for $0.69 at the of writing, up 12.9% in the last 24 hours.
The analyst is also bullish on the modular blockchain network Celestia ( TIA ) after the native token took out its resistance at around $7.00.
“Really strong, and we should see it continue higher.”
![This Solana Rival Is Looking Great Amid Bitcoin Pullback, Says Top Crypto Analyst image 2](https://img.bgstatic.com/multiLang/image/social/564751cd5dfe4f1b0baa671de216a8531732718660458.jpeg)
TIA is trading at $8.22 at time, up 3.9% in the last 24 hours.
The analyst believes that many altcoins may start outperforming Bitcoin. He shares a chart of the Bitcoin Dominance (BTC.D), which has suddenly dropped out of the 60% range. The BTC.D index tracks how much of the total crypto market cap belongs to Bitcoin. A bearish BTC.D chart suggests that altcoins are about to outshine Bitcoin.
“Looks a lot more convincing [now] and our large/mid caps have made some decent moves in terms of both USD and BTC pairs.”
![This Solana Rival Is Looking Great Amid Bitcoin Pullback, Says Top Crypto Analyst image 3](https://img.bgstatic.com/multiLang/image/social/77404f787825a302bd5010e17a753c5f1732650931244.jpeg)
The BTC.D is hovering at 58.61% at time of writing.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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