SEI Crypto Shows Strength Despite Crypto Crash: SEI Coin Pumps +10% And This Low Cap Gem Is Next
Despite an overblown ‘crypto crash’ in the market, SEI coin has maintained momentum after the SEI price pumped by 10% while Bitcoin dropped. Meanwhile, a new cat coin is shaking up the space in the meme coin market after an explosive launch this week.
Created by software developers Jeffrey Feng and Jayendra Jog in 2023, Sei Crypto Network is primed to be the next Solana this cycle.
Armed with the Cosmos SDK and $120 million in venture cash, the Solana-killer’s recent +40% Month-on-Month growth has been fuelled relentlessly by top developers integrating with the blockchain.
Indeed, just over the past few weeks SEI crypto
Price
Trading volume in 24h
Last 7d price movement
has landed a major GameFi partnership with Drift Zone and connected over 30 DEXs via Orderly’s cloud liquidity platform.
So, as one of the strongest leading altcoins, it is no surprise that investors are rotating to SEI coin to shield themselves from Bitcoin’s retreat from its first-ever test of 100K.
$SEI is breaking out.
Most of the coins are under correction. Finding one that is doing well is challenging today. pic.twitter.com/pmdUW6zBRh
— Mihir (@RhythmicAnalyst) November 24, 2024
Now trading on a +10% gain, SEI price seems to be ripping into breakout form, breaking out above a severe resistance level, as noted by top traders in the crypto community.
SEI Price Analysis: Amid a SEI Crypto Breakout – Is $1 Next Stop For this Solana Killer?
As SEI coin pushes high, Sei Network is currently trading at a market price of $0.58 (which represents a 24-hour gain of +9.43%).
Now in breakout form, holders are attempting to consolidate their impressive push above the localized resistance level, with $0.60 forming a key level to watch in a potential consolidation.
Despite the downside in the crypto market, with Bitcoin losing the $98,000 level (a ‘crypto crash’ according to the mainstream media), this move demonstrates resilient strength in the SEI chart.
Especially as the move follows on from ascendant movements in the 20DMA, which now provides a solid level of lower support after converging with the $0.475 price level.
Meanwhile, the breakout comes with flair after the SEI price action formed a bullish inverse head-and-shoulder pattern over the long time frame.
This suggests that a sustained upside is on the cards for SEI. However, a heating-up RSI warns this could follow an initial consolidation after shifting to a bearish overbought signal at 66.34
To the upside, SEI price targets a break above historical support to the upside at $0.67 (a potential +14.46% gain), while downside risk remains at $0.475 (a possible -19.45% drop if Bitcoin continues to decline).
Overall, this leaves the SEI coin with a risk: reward ratio of 0.74 on the short-time frame, suggesting a bad late-stage entry to the breakout pump. However, that doesn’t mean there aren’t opportunities in the crypto market today.
New Cat Meme Coin Goes Viral: Explodes Onto Cat Coin Scene With +6,000% Pump to $50M Market Cap
Over in the meme coin market, a new cat coin has gone viral in the crypto market and is quickly taking aim after more than 48 hours in the hot coins ranking.
CatSlap (SLAP) is the latest breakout trend in the meme coin market. It defied the weekend dip to mount an explosive entry into the cat coin sector after pumping to hit an all-time high around the $50M market cap level.
Cat coins have been one of the hottest meme coin holds in 2024, with new tokens such as POPCAT, MEW, MOG, and MICHI cementing their place in the meme coin market in just months.
Now, it seems CatSlap is set to join them. Since liquidity was added on Thursday, the SLAP coin has appreciated +5,954%, and despite a local dip, it seems to be showing no signs of slowing down, with 24-hour trading volumes currently standing at $5.94M.
(SLAPUSD)
Top analysts are predicting that CatSlap could hit a price of $0.010 in the next 24 hours, with an explosive Monday open expected. This is amid calls for a market cap valuation of $100M (perhaps the easiest 5X gain in the market this weekend).
The total number of token holders has reached 3,200, and liquidity is now valued at $3 million, locked for 60 days to provide confidence to buyers.
Whales are gobbling up $SLAP tokens in a hurry. Yesterday, one whale purchased $60k, as bullish momentum explodes.
(Source)
So far, Catslap has outperformed the early launch days of Popcat, Mog Coin, and Cat in a Dogs World (MEW), helped, for sure, by favorable market conditions and its clicker game Slapometer (total slaps 4.8 million and counting), which is gaining traction around the world.
Many are waiting on the project’s major announcement coming in 11 days. ‘Time in the market, not timing the market’, as the old stockmarket adage would have it, is probably the way to go with Catslap. This way, you can make sure to be well-positioned for an even bigger price explosion of possible 100x gains post-announcement.
Visit Catslap Token website here
DON’T MISS: Best New Cryptocurrencies to Invest in 2024
Join The 99Bitcoins News Discord Here For The Latest Market Updates
99Bitcoins may receive advertising commissions for visits to a suggested operator through our affiliate links, at no added cost to you. All our recommendations follow a thorough review process.
Free Bitcoin Crash Course
Learn everything you need to know about Bitcoin in just 7 days. Daily videos sent straight to your inbox.
