The Crypto market continues to show volatility as June approaches, with several “Made in USA Coins” paying off significantly. One standout is the SEI. This is currently increasing due to its selection as a blockchain candidate for WYST, a USD-backed Stablecoin.
Beincrypto analyzed two other USA crypto tokens making waves this week.
sei (sei)
SEI has emerged as one of the top performances made with US coins, surged 15% over the past 24 hours. Traded at $0.208, AltCoin is currently above its main support level of $0.197. The recent upward movement has increased investors’ credibility in cryptocurrencies.
A recent announcement from Wyoming’s stable token committee to select SEI as the blockchain for Stablecoin, supported by WYST USD, has driven Altcoin’s rise.
The RSI also climbs above the neutral mark, indicating a transition into the bullish zone. This technical indicator suggests the continued momentum of SEI in the near future.
Given the current momentum, SEI could continue to grow at $0.225 in the coming days towards resistance. However, if Altcoin loses momentum and drops through $0.197 support, it could drop to $0.183. Such a move would negate the SEI’s current bullish outlook.
Helium (hnt)
HNT moved from bearish to bullish for the first time since the beginning of the month. Altcoin is up 17% and is currently trading at $2.67. This is a major change in momentum, with HNT looking to continue its positive price movement in the near future.
The Parabolic SAR is currently located under candlesticks, indicating a strong uptrend for HNT. The shift concludes with a month and a half downtrend streak, suggesting that Altcoin can break past $2.75 to reach $3.00.
However, if HNT does not violate the $2.75 resistance, it may experience a decline. A decline to $2.41 suggests a weakening of momentum, with a break below $2.27 neutralizing the current bullish outlook. This scenario could result in further losses for HNT holders.
Bitcoin Cash (BCH)
BCH’s price is currently at $490, up 15.6% over the past week. Altcoin has benefited from Bitcoin’s rally and is approaching the $500 mark. Investors are looking closely at this level as BCH continues to show resilience following Bitcoin’s recent performance.
The main resistance level for BCH is $501, a price that has not exceeded since December 2024. The cloud, in a good way, shows strong bullish momentum, suggesting that BCH can break this resistance.
If so, the price could rise further, potentially reaching more than $529, and more.
However, when market sentiment becomes negative and sales pressure increases, BCH could struggle to exceed $501. In this case, the price could retreat to $446, negating the current bullish outlook.
Loss of momentum can lead to price reversals in the short term.
Disclaimer
In line with Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Although Beincrypto is committed to accurate and unbiased reporting, market conditions are subject to change without notice. Always carry out your research and consult with an expert before making any financial decisions. Please note that our terms and conditions, privacy policy and disclaimer have been updated.
