Schlagwort: crypto business

Key takeaways

• Fartcoin is up 5% in the last 24 hours and now trades at $1.01 per coin.
• The memecoin remains bearish despite its recent rally.

Fartcoins and other leading memecoins remain bearish

The broader cryptocurrency market is recovering from the recent bearish trend caused by the Middle East conflict. Bitcoin, Ether, XRP, and other major cryptocurrencies all recorded excellent gains this week.

However, the memecoin narrative in the broader crypto market remains negative, with most memecoins still in the red. Fartcoin, Dogecoin, Shiba Inu, and Pepe all recorded losses over the last seven days.

Fartcoin has crossed the $1 mark after adding 5% to its value in the last 24 hours. However, the medium-term outlook for the memecoin remains bearish its trading volume continues to decline. This suggests that Fartcoin could face further selling pressure over the coming days and weeks.

FARTCOIN to retest the $0.80 support level

The FARTCOIN/USD 4-hour chart is bearish despite the coin’s recent positive performance. The positive rally can be seen as Fartcoin moving towards the TLQ at $1.109, mitigating the liquidity zone before dipping.

Earlier this week, a death cross pattern formed when the 50-period EMA crossed below the 100-period EMA, implying bearish dominance and likely keeping FARTCOIN weighed down toward the next key support area.

If the bearish trend resumes, Fartcoin could retest the $0.80 support level for the second time this week. A break below this level could see Fartcoin hit the next key support level at $0.71. 

The MACD lines are now negative, while the RSI of 54 shows resistance from the buyers. The indicators are currently bearish and suggest that FARTCOIN could drop further.

However, a reversal is possible, supported by the broader cryptocurrency market. If FARTCOIN swings above the 50 midline, the bulls could regain firm control of the market, paving the way for gains past the $1.25 resistance tested on June 17.

The post Fartcoin remains bearish despite hitting $1; Check forecast appeared first on CoinJournal.

Key takeaways

• SEI has reclaimed the $0.30 psychological level, paving the way for further rally.
• The positive performance comes despite Bitcoin and other major cryptocurrencies recording losses.

SEI rallies as BTC and others falter

SEI, the 47th-largest cryptocurrency by market cap, is one of the best performers in the top 100 over the last 24 hours. The coin added 5% to its value during that period, allowing it to reclaim the $0.30 mark.

The positive performance comes despite Bitcoin, Ether, XRP, and other major cryptocurrencies recording losses. Bitcoin failed to build on its earlier momentum and now looks set to drop below $106k soon.

SEI’s rally comes after the coin added 80% to its value last week. With the bulls still in control, the coin could resume its upward rally soon and set a new 6-month high. 

SEI could rally to $0.430

The SEI/USD 4-hour chart is bullish and efficient, indicating a bullish bias for the cryptocurrency. The efficiency shows that the market has swept liquidity to the downside and could likely rally higher in the short term.

The pair has an RSI of 60, showing that SEI is currently facing buying pressure from investors. Meanwhile, the MACD lines have also crossed into positive territory and read 0.0108, also suggesting that buyers are in control.

With the bullish trend now resuming, SEI could target the first major resistance level at $0.3516. An extended rally would allow SEI to hit the $0.430 level for the first time since January 2025. However, this rally would likely depend on the broader crypto market and how Bitcoin’s price action plays out.

There is still a chance that the market could turn bearish. Any bearish price action could see SEI retest the $0.24 low. An extended bearish run would see SEI hit the Transactional Liquidity (TLQ) around $0.19. However, the bulls have defended this level vigorously over the past few weeks.

The post What’s next for SEI after reclaiming $0.30? Check forecast appeared first on CoinJournal.

Key takeaways

• APT is the best performer among the top 50 cryptocurrencies by market cap, up 7% in the last 24 hours.
• The rally comes after Bitwise filed an amendment to its Aptos ETF application.

Bitwise files an amendment to its Aptos ETF application with the SEC

APT, the native coin of the Aptos blockchain, is the best performer among the top 50 cryptocurrencies by market cap. The coin added 7% to its value in the last 24 hours and now trades above $5 per coin.

The positive performance comes after the Aptos Foundation announced on Thursday that Bitwise has amended its Aptos ETF application with the United States Securities and Exchange Commission (SEC). This is a good sign as it indicates SEC engagement and tracks with other spot approvals.

Furthermore, Aptos will soon launch on Aave V3. These latest developments resulted in buyers taking control of the Aptos market and pushing APT’s price above $5. If the bullish momentum continues, APT could cross the $6 mark soon.

APT targets ILQ at $6.3

The APT/USD 4-hour chart is bearish and efficient, but the lower timeframes have turned bullish thanks to its latest rally. The technical indicators are also turning bullish, suggesting buying pressure.

The relative strength index of 62 shows that more buyers are entering the APT market, while the MACD lines crossing into the positive region cements the assertion. 

If the bullish trend persists, APT could test the Inducement Liquidity (TLQ) level at $6.30 over the coming hours or during the weekend. In the event of an extended rally, APT will take out the Transactional Liquidity (TLQ) at $7.07, its highest level since April 2025. 

However, the 4H chart is still bearish and efficient, which means APT could face selling pressure at any of the above-mentioned liquidity levels. Once mitigated, APT could dip and test the low at $3.72. Failure to defend this support level could allow sellers to short APT below $3 for the first time this year.

The post Aptos outperforms other coins in the top 50; here’s why appeared first on CoinJournal.