SEI and KAIA tokens continue to rise amid market uncertainty and Bitcoin price fluctuations. This article examines key points in the current situation.
SEI and KAIA Price Analysis
On Friday, SEI was trading at $0.1948, showing a modest increase of 6% over the past week. The closest support and resistance levels are at $0.1582 and $0.2494 respectively. Technical indicators such as RSI and MACD support a bullish trend.
KAIA is also displaying positive dynamics, trading above $0.19 with nearly a 9% increase over the last week. The closest resistance for KAIA is $0.2054, with the next key level at $0.2525.
Market Volatility in Response to Quadruple Witching
The cryptocurrency market capitalization has fallen by 2.3% in the last 24 hours ahead of the quadruple witching event, creating tension among traders. Most altcoins are ending the week green, but geopolitical factors may impact liquidity and trader sentiment. The crypto fear and greed index shows a neutral sentiment at 54 out of 100.
Trump-era Optimism
The optimism stemming from Trump's election and new all-time highs for Bitcoin could help keep altcoins afloat during uncertain times. Despite increasing tensions between Israel and Iran, Bitcoin is holding the $100,000 mark. The altcoin market capitalization is under pressure but may maintain stability if key levels are defended.
The cryptocurrency market remains volatile, yet SEI and KAIA tokens are showing positive results, indicating potential buyer stability in the future.
