• PYTH cleared the $0.90 resistance as OBV confirmed additional rise in value.
• The stochastic RSI on the JUP 4-hour chart has validated the bullish idea that it might transfer larger in direction of $2.
• SEI was overbought, but when the bullish momentum continues, it might rise to $1.50.

Solana-based Pyth Community (PYTH), Jupiter (JUP), and modular blockchain token Sei Community (SEI) hit new all-time highs on March sixteenth. On the time of writing, the value of PYTH was at $1.13 attributable to a rise of 28.77%. Final 24 hours.

In the meantime, JUP rose 52.05% to $1.51, whereas SEI rebounded to $1.14 however then fell to $1.09 on the time of writing. Regardless of the value efficiency, analyst Altcoin Sherpa posted that JUP and PYTH costs could proceed to rise.

In associated articles, Sherpa talked about SEI is alleged to be one other cryptocurrency that might skyrocket after already growing 13x since its launch. “Given the earlier consolidation interval, I truly like SEI essentially the most. I believe that is the very best inventory to commerce proper now,” Sherpa defined in a put up on X.

PYTH Community (PYTH)

Towards the US greenback, PYTH rose as bulls took benefit of the help at $0.85. Subsequently, elevated shopping for stress allowed the token to interrupt by means of the $0.90 resistance line. This transfer served to validate the long-term breakout.

As of this writing, PYTH has not confronted any rejections that will warrant a retracement. If this example continues, the Fibonacci extension indicated that the value might rise to $1.57.

If merchants resolve to take earnings, PYTH might fall to the $0.90 resistance stage. Nevertheless, on-balance quantity (OBV) confirmed that the token could not succumb to a downtrend because the indicator displays optimistic quantity.

The rise in OBV means that market individuals had been shopping for tokens in droves. If this example continues, the value of PYTH might exceed its latest highs.

Jupiter (JUP)

On the 4-hour JUP/USD chart, the stochastic RSI studying is considerably overbought, indicating a possible change in momentum.

Nevertheless, the blue Okay line has damaged above the orange D line, suggesting sustained shopping for stress. The worth of the token could drop a bit, nevertheless it appears seemingly that it’ll rebound in direction of $2. Nevertheless, if the Okay line falls under the D line, the bullish bias could also be invalidated.

A have a look at the Transferring Common Convergence Divergence (MACD) exhibits strong shopping for momentum for JUP. A optimistic worth on the MACD is mostly acknowledged as a clue to rising costs. If this continues, JUP might speed up its bullish transfer.

SEI Community (SEI)

On the time of writing, SEI's makes an attempt to succeed in $1.15 had been rejected. Nevertheless, Coin Version seen that the SEI breakout could possibly be related to a cup-and-handle sample on the 4-hour chart. This sample signifies a bullish continuation after the cryptocurrency has consolidated for a while.

This formation allowed SEI to breakout and clear the $0.93 resistance. On the time of writing, the RSI studying is above 70.00, indicating that the token is overbought. This very bullish momentum might halt SEI's upward pattern and push costs decrease.

In a really bearish state of affairs, SEI value might reverse to the $0.93 resistance stage. Nevertheless, there may be nonetheless an opportunity that the uptrend will proceed. On this case, the value of the token might develop in direction of $1.50.