3 US Cryptocurrencies to Watch
3 US Cryptocurrencies Showing Strong Gains
The cryptocurrency market continues to demonstrate volatility as June unfolds. Several US-based cryptocurrencies are experiencing notable price increases. This analysis highlights three coins showing significant upward momentum.
Sei (SEI)
Sei (SEI) is making headlines with a 15% surge in the past 24 hours, trading at $0.208. This upward trajectory is largely attributed to its selection by the Wyoming Stable Token Commission as the blockchain for the USD-backed stablecoin, WYST. The Relative Strength Index (RSI) has also moved above the neutral mark, suggesting continued bullish momentum.
Technical Analysis: Trading above the key support level of $0.197, SEI is targeting resistance at $0.225. A drop below $0.197 could trigger a decline to $0.183.
Helium (HNT)
Helium (HNT) shows a remarkable shift from bearish to bullish momentum, climbing 17% to $2.67. The Parabolic SAR indicator is now positioned below the candlesticks, confirming a strong uptrend.
Technical Analysis: The positive momentum suggests a potential break above $2.75, reaching $3.00. However, failure to breach $2.75 could lead to a decline to $2.41, and further to $2.27, invalidating the current bullish outlook.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is trading at $490, with a 15.6% increase over the past week. This rally mirrors Bitcoin's recent performance, bringing BCH closer to the key resistance level of $500. The Ichimoku Cloud indicates strong bullish momentum.
Technical Analysis: A break above $501 could push BCH towards $529 and beyond. However, a failure to surpass $501 might lead to a retreat to $446.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Market conditions are volatile. Conduct your own research before making any investment decisions.
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