Altcoin Price Analysis: SEI, Optimism, NEAR Protocol, Stacks, and Oasis Network
Over the past week, cryptocurrencies have been experiencing significant growth, breaking through various resistance levels. As Bitcoin attempts to surpass the $45,000 resistance level, altcoins are expected to continue rising.
Sei
The price of Sei (SEI) is currently on the rise as it recovers above the moving average lines. After falling below them, the cryptocurrency has regained its bullish momentum by crossing above the 21-day simple moving average. SEI reached a high of $0.41 but is currently trading below $0.40. If the price remains above the $0.40 resistance, SEI could revisit its previous high of $1.00.
At present, SEI/USD is valued at $0.36 and boasts a market capitalization of $3,643,617,322 and a trading volume of $838,033,561. It has seen a 7-day gain of 51.26%.
Optimism
Optimism (OP) is also experiencing growth as it recovers from a previous dip and sideways pattern. The altcoin is approaching its recent high price of $4.14 after trading below $3.60 for the past 48 hours. Breaking above the $3.60 level would allow OP to resume its uptrend and potentially surpass its recent high.
With a market capitalization of $14,841,117,516 and a trading volume of $729,487,345, Optimism has seen a 7-day gain of 48.73%.
NEAR Protocol
NEAR Protocol (NEAR) has been on an upswing, displaying a series of higher highs and higher lows. Currently priced at $4.00, the cryptocurrency is expected to continue rising. NEAR recently made an upward correction during a rally on December 22, indicating that it may rise to the Fibonacci extension of $1.618 or $4.92.
NEAR has a market capitalization of $3,940,772,033 and a trading volume of $538,737,452. It has seen a 7-day gain of 43.70%.
Stacks
Stacks (STX) is recovering from a previous downturn and sideways trend. After reaching a high of $1.63 and falling, the altcoin is now approaching its previous high of $2.49. The current uptrend has encountered resistance at the $2.60 level but may continue if buyers keep the price above the recent high.
STX is currently trading at $1.49 with a market capitalization of $2,674,949,324 and a trading volume of $282,507,171. It has seen a 7-day gain of 64.64%.
Oasis Network
Oasis Network (ROSE) has resumed a sideways movement following its recovery from a downturn. The altcoin reached a high of $0.125 before falling again and remains below this recent high since December 22. If ROSE breaks above the resistance at $0.13, it could rise to its all-time high price of $0.238.
Currently trading at $0.114, ROSE has a market capitalization of $1,148,204,802 and a trading volume of $62,614,815. It has seen a 7-day gain of 31.20%.
Hot Take: Altcoins Show Promising Growth
Altcoins such as SEI, Optimism, NEAR Protocol, Stacks, and Oasis Network have been experiencing notable growth recently. As Bitcoin continues its attempt to break through resistance levels, altcoins are expected to continue rising. SEI has shown signs of recovery and may revisit its previous high if the price remains above the $0.40 resistance level. Optimism is approaching its recent high and may resume its uptrend if it surpasses $3.60. NEAR Protocol is displaying a series of higher highs and higher lows, indicating potential further growth. Stacks is recovering from a downturn and may return to its previous high if buyers maintain the price above the recent high. Oasis Network has resumed a sideways movement but could rise to its all-time high with a break above $0.13.
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