Bullish breakout? Double digit gains likely
The post Bullish breakout? Double digit gains likely appeared on BitcoinEthereumNews.com.
SEI and KAIA tokens extended their rally Friday as Bitcoin held firm below $105,000, signaling trader resilience ahead of a potentially volatile derivatives expiration day. With markets weathering geopolitical and macroeconomic shocks in recent weeks, the coming “quadruple witching” could test altcoin stability—but if Bitcoin (BTC) stays above key support at $104,000, SEI and KAIA may have room to run. SEI and KAIA price analysis SEI traded at $0.1948 early on Friday, with modest gains. The token added 6% to its value in the past seven days, as seen on TradingView. SEI’s closest support and resistance levels are S1 at $0.1582, the June 17 low and R1 at $0.2494, the upper boundary of an FVG on the daily price chart. Technical indicators RSI and MACD support a bullish thesis. RSI reads 50 and is sloping upwards. MACD shows underlying positive momentum in SEI price trend on the daily timeframe. SEI could see a daily candlestick close above R1 and test resistance at $0.2750, the May 11 peak for the token. SEI/USDT daily price chart | Source: Crypto.news Conversely, higher volatility could usher a correction in SEI, sending the token to collect liquidity at $0.1303 support, as seen in the SEI/USDT price chart. KAIA hovers above the $0.19 level on Friday. The token posted over 2% gains and extended its value on Friday. KAIA has observed nearly 9% increase in its value in the past seven days. The KAIA/USDT daily price chart shows strong potential for further increase in the token’s price. RSI signals the token is currently overvalued, however until it dips under the 70 level, it does not typically generate a sell signal. MACD flashes increasingly taller green histogram bars, meaning there is an underlying positive trend in KAIA price. The closest resistance is R1 at $0.2054, the upper…
Filed under: News - @ June 21, 2025 6:25 pm