On the cusp of a dynamic shift, the crypto world is gearing up for an era that could stir enthusiasm like the Bitcoin ETF mania, heralding a new wave of bullish sentiment. Unlike the broad-based growth seen during the 2020/2021 period, the next phase is expected to highlight a select few altcoins, making it a distinctly different experience.

Sei (SEI): A rising star in the crypto world

Sei (SEI) is a layer 1 (L1) blockchain that has made a successful entry into the cryptocurrency market. Since its debut in August 2023, it has seen an incredible increase of over 1,500% to rank among the top 50 cryptocurrencies by market cap. This industry-specific blockchain designed for cryptocurrency trading is considered the fastest in the industry. With transaction finality speeds of up to 380 milliseconds, Sei (SEI) is not only fast, but it is leading the blockchain game and redefining speed.

Sei (SEI) has a total supply capped at 10 billion and a current circulating supply of 2.3 billion, following a proof-of-stake model. The token's price range fluctuates between $0.582 and $0.808, with support levels at $0.244 and $0.471, and resistance levels at $0.924 and $1.15. The 10-day moving average is $0.758, and the 100-day moving average is $0.707.

The future of Sei (SEI) looks promising, especially with the upcoming v2 upgrade that introduces Ethereum Virtual Machine (EVM) smart contract support. With the introduction of EVM compatibility, Sei (SEI) is bound to attract a large number of programmers and users who have already started to dig those mainstream EVM-friendly applications. However, as can be seen from the SEIYAN meme coin trading activity, the reliance on speculative investment brings volatility risks. Sei (SEI) needs to continue to break new ground and stay fresh to maintain its position as a leader in the blockchain field.

Despite the correction since late December, Chainlink (LINK) has shown impressive growth over the past month. Analysts see a strong demand area for LINK between $14.8 and $15.2. With limited resistance, Chainlink (LINK) is well positioned for a potential growth towards $20.

Chainlink (LINK) price is facing key resistance levels at $15.55, $16.69, and $16.92 on the upside. Overcoming these levels could pave the way for $20. However, if the price corrects, Chainlink (LINK) is missing a significant support wall with the first support at around $14.22 and further support at $13.31 and $11.

The future direction of Chainlink (LINK) price is balanced between bullish momentum and potential selling pressure. A sustained bullish trend could take Chainlink (LINK) to $20, but price corrections could test lower support levels. Growth in the Chainlink (LINK) ecosystem across key metrics including market cap and revenue contributes to the optimistic outlook, although recent earnings declines suggest caution.

Cardano (ADA): Leading the way to a potential breakout

Cardano (ADA) has recently shown signs of a potential uptrend. After trading in a horizontal range since November 2022, Cardano (ADA) broke out in October 2023 and hit a new yearly high of $0.68 in December. Despite the subsequent decline, Cardano (ADA) rose, indicating bullish sentiment. The weekly relative strength index (RSI) is showing mixed signals, indicating the presence of a hidden bullish divergence, which could mean a continuation of the current trend.

Cardano (ADA) price action is currently affected by its attempt to break above a descending resistance trendline. Technical analysis, including the Elliott Wave Theory, suggests that Cardano (ADA) is in the last uptrend that started in June 2023. A break above the resistance trendline could result in a significant increase in price that could reach the resistance between $0.80-$0.90.

The future of Cardano (ADA) price depends on its ability to break through the current resistance. If successful, Cardano (ADA) could rise to the next resistance at 55%. However, a break below $0.46 would invalidate this bullish forecast, potentially resulting in a drop to $0.40. The market sentiment is cautiously optimistic, with some analysts predicting a parabolic rise after a breakout of the $0.60-0.70 range.

in conclusion

The cryptocurrency market today is experiencing significant upside, with inflows into digital assets reaching $1.18 billion, driven primarily by the launch of a spot Bitcoin ETF. This development resulted in record trading volumes of $17.5 billion, indicating a strong and mature market.

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