The cryptocurrency market continues to show volatility as June approaches, with many "cryptocurrencies made in the United States" recording significant gains. Among the most notable is $SEI

, which is currently rising due to being selected as a candidate for the #WYST , a USD-backed stablecoin.

BeIn, Crypto has analyzed two other cryptocurrencies made in the United States that are making waves this week.

SEI (#SEI )

SEI has emerged as one of the best-performing cryptocurrencies made in the United States, rising by 15% in the last 24 hours. It is currently trading at $0.208, which is above the key support level of $0.197. The recent upward movement indicates increasing investor confidence in the cryptocurrency.

The recent announcement of the Wyoming Stablecoin Committee selecting SEI as the blockchain for the USD-backed WYST stablecoin has driven the altcoin's surge.

The Relative Strength Index has also risen above the neutral mark, indicating a shift into the bullish zone. This technical indicator suggests that SEI's momentum will continue in the near term.

SEI Price Analysis.

Given the current momentum, SEI is likely to continue its growth towards resistance at $0.225 in the coming days. However, if the altcoin loses momentum and falls below the support level of $0.197, it could drop to $0.183. Such a movement would invalidate SEI's current bullish outlook.

Helium ($HNT )

HNT has shifted from bearish to bullish for the first time since the beginning of the month. The altcoin has risen by 17% and is currently trading at $2.67. This represents a significant change in momentum, as HNT looks to continue positive price action in the near future.

The Parabolic SAR indicator is now positioned below the candles, indicating a strong bullish trend for HNT. This shift ends a month-and-a-half-long downtrend, suggesting that the altcoin could break through the $2.75 level and reach the $3.00 mark.

HNT Price Analysis.

However, if #HNT fails to break the $2.75 resistance, it may see a decline. A drop to $2.41 would indicate weakening momentum, and a drop below $2.27 would invalidate the current bullish outlook. This scenario could lead to further losses for HNT holders.

Bitcoin Cash ($BCH )

)

BCH is currently priced at $490, having risen by 15.6% over the past week. The altcoin benefitted from Bitcoin's rise, bringing it closer to the $500 mark. Investors are closely monitoring this level as BCH continues to show resilience following Bitcoin's recent performance.

The key resistance level for #BCH is $501, a price it has not surpassed since December 2024. The Ichimoku Cloud indicator suggests strong bullish momentum, indicating that BCH could break this resistance.

If that happens, the price could rise further, reaching $529 and beyond, with the potential for more gains.

BCH Price Analysis.

However, if market sentiment turns negative and selling pressure intensifies, BCH may struggle to overcome $501. In that case, the price could retreat to $446, invalidating the current bullish outlook.

Loss of momentum could lead to a short-term price reversal.