SEI and KAIA Tokens Show Strength Ahead of Crucial Crypto Derivatives Expiration
As Bitcoin hovers just under $105,000, SEI and KAIA tokens marked a solid performance on Friday. The market’s resilience suggests a promising outlook, especially as the “quadruple witching” event approaches.This financial event could bring volatility, but if Bitcoin maintains its position above $104,000, altcoins like SEI and KAIA could see further gains.
SEI currently trades at $0.1948, reflecting a 6% increase over the past week.Its support and resistance levels are at $0.1582 and $0.2494 respectively. Technical indicators like RSI and MACD indicate a bullish trend; SEI could potentially reach up to $0.2750. However, a market correction could push it down to $0.1303.
KAIA also shows promise at $0.19, wiht an 8% gain in the last seven days. The token could aim for $0.2054 and potentially $0.2665, pending volatility.Its RSI signals it’s overvalued but not a definitive sell-off trigger. MACD supports a positive trend. The support levels are at $0.08 and $0.1077.
Marketwide, crypto’s market cap fell by 2.3% in 24 hours. while the quadruple witching event may cause volatility, crypto’s resilience to geopolitical shocks like the Israel-Iran conflict is encouraging. Trump era policies and recent crypto-friendly legislation also boost confidence.
Traders remain cautious but engaged, as indicated by the neutral 54 reading on the Crypto Fear & Greed Index. Altcoins must hold key support of $1.09 trillion to endure upcoming volatility.
