Date: Thu, Sept 19, 2024, 05:46 AM GMT

The cryptocurrency market has entered a bullish rally after a major decision by the US Federal Reserve to cut interest rates by 50 basis points. The news was welcomed by investors, with the market showing positive reactions across the board. Bitcoin (BTC) surged by 2.91% over the last 24 hours, pushing its price above $62,000.
Layer 1 tokens, in particular, have seen impressive gains. Sui (SUI), Sei (SEI), and Fantom (FTM) are experiencing double-digit percentage increases today, making them key tokens to watch.
1. Sui (SUI)
Sui, a first-of-its-kind Layer 1 blockchain known for its smart contract platform, is on a tear today, climbing 15.91%. It’s currently trading at $1.3830, closing in on its key resistance level of $1.41. Should the bullish momentum continue and $SUI breaks through $1.43, it could rally further, with potential targets at $1.71 and $2.17. This would represent a possible 50% upside from its current price, making it one of the hottest tokens to watch.

2. SEI (SEI)
SEI, a platform designed for developing groundbreaking applications, has surged by 23.07% and is currently priced at $0.3389. SEI has made a strong breakout, crossing a key downtrend line at the $0.3097 level. If this momentum holds, $SEI could target the next resistance level at $0.3592, offering a 6% upside. With more bullish sentiment building, further upside targets may soon come into play.

3. Fantom (FTM)
Fantom, a smart contract-enabled blockchain platform, has also seen significant gains, soaring by 15.87% today. $FTM is trading at $0.6673, having already made a breakout similar to SEI, resulting in a 35% surge over the past 7 days. If the current bullish rally continues, FTM could push toward $0.8518, offering a 29% upside from its current level.

With the market turning bullish following the Fed’s rate cut and the crypto market’s traditionally strong Q4 performance, there are clear signs that a potential bull run is on the horizon. Chart momentum and market sentiment are both pointing in a positive direction.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.
#SUI🔥 #SEI #FTM

Here’s a breakdown of the top 10 coins experiencing the highest growth today based on the chart you provided. These projects span from Layer 1 blockchains to DeFi and gaming tokens. Let’s dive into the biggest winners:
1. Fantom (FTM) – +10.8%
Fantom is a high-performance blockchain designed for DeFi, enterprise use cases, and smart contracts. Its rapid transaction speeds and low fees make it a popular choice in the crypto world, driving today's significant growth.
2. Popcat (POP) – +9.3%
Popcat is gaining significant traction today, with over 9% growth. As a meme-driven token, it has captured the attention of the meme community, resulting in a price surge.
3. Sui (SUI) – +9%
Sui is a high-performance Layer 1 blockchain designed for scalability and efficiency, especially in DeFi and NFTs. It continues to see strong growth due to its expanding ecosystem.
4. SEI (SEI) – +7.5%
SEI is a Layer 1 blockchain optimized for trading, providing high-speed and low-cost transactions. It’s designed to facilitate decentralized exchanges and order book-based trading, leading to today’s gains.
5. Nervos Network (CKB) – +6.7%
Nervos Network is a multi-asset blockchain platform focused on interoperability. CKB's growth is driven by increased interest in cross-chain compatibility and Layer 2 solutions.
6. Beam (BEAM) – +6%
Beam is a privacy-focused cryptocurrency utilizing the Mimblewimble protocol to ensure confidential and anonymous transactions, continuing to attract attention from those seeking privacy in crypto.
7. Fetch.ai (FET) – +4.6%
Fetch.ai is a decentralized AI platform that brings autonomous agents and machine learning to blockchain. Its utility in automating tasks and data sharing makes it a strong player in the AI space, reflected in its price increase today.
8. Quant (QNT) – +4.1%
Quant enables interoperability between different blockchains and is particularly focused on enterprise adoption. Its growing relevance in connecting decentralized ecosystems is contributing to today’s gains.
9. Theta (THETA) – +4.1%
Theta is a decentralized video streaming platform, providing bandwidth and computational power to content creators. As demand for decentralized content platforms grows, THETA is experiencing strong upward momentum.
10. Gala (GALA) – +3.7%
Gala Games continues to rise as one of the leading blockchain gaming platforms, allowing players to own and trade in-game assets as NFTs. The increased interest in blockchain gaming is boosting GALA’s growth today.
These projects are leading today’s market with solid gains, each contributing to the broader adoption of blockchain technology. Which of these are you following closely? 🚀
#FTM #POP #SUI #SEI #CKB

Date: Mon, Sept 16, 2024, 06:48 PM GMT
The cryptocurrency market is feeling the heat as the Federal Open Market Committee (FOMC) meeting looms on September 17 and 18. Investors are being cautious, leading to a general market dip. Bitcoin (BTC) slipped below $58,000, reflecting a 3.36% drop in a single day, which has created bearish sentiment across the board.
Sei (SEI), a prominent Layer-1 blockchain platform, is no exception. Over the past 24 hours, $SEI has seen a sharp decline of 13%, following a rejection at a crucial trendline.
Trendline Rejection
SEI's downturn is largely due to its failure to break out from the downward trendline at the $0.3169 mark. After facing rejection at this level, SEI quickly plunged by nearly 15%, taking it to the current support level.

What’s Next for SEI?
Currently, SEI is holding at a support level of $0.2694. The market is now watching closely to see if SEI can manage a recovery and bounce back from this point. If the coin can hold its ground, there is potential for a pullback and subsequent recovery.

However, if SEI fails to maintain this support level, the price could drop even further. Technical indicators show that the Relative Strength Index (RSI) is at 31.12, signaling that the asset is nearing oversold territory. The RSI-Based Moving Average is sitting at 17.74, suggesting that further downward pressure could still be in play.
As the market braces for the FOMC outcome, SEI investors will need to keep a close eye on key support and resistance levels, as well as broader market conditions.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky.
#SEI #CryptoNews