On Wednesday, November 29, the crypto market is experiencing a dynamic shift, thanks to the mixed signals from the U.S. Federal Reserve officials about interest rate trends. While Fed Governor Michelle Bowman hints at more rate hikes, Governor Christopher Waller thinks we might be at the right level already. This uncertainty has ripple effects, as seen in the recent spike and pullback of Bitcoin, briefly hitting $38,430.
But there's a bigger story unfolding beyond BTC – the altseason. It's the time catching many by surprise, with altcoins like Sei (SEI) and Celestia (TIA) making significant strides. SEI, in particular, has surged by 75% in a week, while TIA has enjoyed a steady 8% increase in the same time frame. Amidst this altcoin surge, Step App (FITFI) is bouncing back impressively after its recent 12% dip, showing resilience with a 7% uptick over the last seven days and a whopping 42% in the past fortnight. Step App (FITFI) is earning a reputation as a solid player in the 'move-to-earn' (M2E) sector, with a robust economy, attractive returns, and glowing endorsements from celebrities, all making it the token to watch in an increasingly crowded field.
As the crypto market cap hovers around $1.44 trillion, with Bitcoin still holding a 52% dominance, rising tokens like Sei (SEI), Celestia (TIA), and Step App (FITFI) are stirring curiosity and speculation on whether we are witnessing a temporary trend or a fundamental market move.
Steap App (FITFI): Win Rewards with Every Step
Imagine a world where your daily run or walk not only boosts your health, but also your virtual wallet. With Step App, your regular jog can net you anywhere from 5$ to 50$ per session! As the first move-to-earn application that empowered fitness with AI-assisted workouts, Step sets a new standard in the FitFi realm. Bolstered by its stable economy and attractive ROI for users, the project caters to health enthusiasts and crypto fans alike. Injecting a burst of star-studded excitement, Step App basks in the glowing endorsements of legendary athletes like Usain Bolt, propelling its esteemed market reputation to even greater acclaim.
Transform Your Steps into Tangible Rewards with Step App
In Step, managing your earnings is effortless, regardless of your experience with Web3, and subscriptions are available to amplify rewards and personalize your in-app experience. Here, the magic lies in the FITFI and KCAL tokens – central to the app’s vibrant, contest-filled community and its continuous innovation, they hold potential for appreciation over time. Whether it's upgrading your workout gear with KCAL or unlocking exclusive features with FITFI, these tokens are ready to enhance your fitness journey. In the run-up of 2024, Step is gearing up to unveil even more exciting features and airdrops, ensuring that both the community and the value of its tokens keep thriving.
Source: TradingView
Step App (FITFI) is currently at a crucial juncture in its market journey, with its latest price positioned just shy of an immediate resistance level at $0.007027. The support levels are set at $0.003168 and $0.001231, providing a cushion against potential pullbacks. The bullish sentiment is bolstered by the technical indicators: the 10-day SMA has risen slightly to $0.007366, hinting at continued upward momentum, while the 100-day SMA at $0.004574 underlines a positive market outlook. The MACD level, now at 0.000703, and the RSI of 53.72 suggest a healthy buying interest that is strong, yet not overextended.
This optimistic scenario is further reinforced by the upcoming end of the FITFI public vesting on January 26, a factor that could inject additional bullish momentum into the market. Should this trend persist, the next resistance levels at $0.008949 and the more ambitious $0.012808 appear achievable, especially in the light of the app's anticipated features and activities planned for 2024.
Sei (SEI): Hitting an ATH with 151% Monthly Surge
Sei (SEI) is on a hot streak, recently hitting a record high of $0.295. This isn't just a flash in the pan – over the past month, the altcoin’s value shot up by an eye-catching 151%, boosting its market cap to a cool $509 million. What's even more interesting is that this rally is happening with just a fraction of its total supply, 1.8 billion out of 10 billion SEI tokens, currently in circulation. The social buzz around Sei (SEI) is growing too, especially on platforms like X and Telegram, partly fueled by a major investment from Circle, the name behind the USDC stablecoin.
Source: TradingView
On the technical side, SEI is trading in a sweet spot between the support level of $0.163 and the resistance at $0.2761. The 10-day SMA is hovering around $0.2612, suggesting that Sei (SEI) is holding steady for now. The 100-day SMA at $0.1848 gives us a hint that the overall sentiment is still bullish. The MACD level at 0.0173 and the RSI of 59.92 point to a healthy interest from buyers, but not so much that it's overheated.
If SEI keeps up its momentum and breaks past the $0.2761 resistance, we could see it aiming for higher marks at $0.324 and maybe even $0.4371. This rosy scenario gets some backup from the recent big-name investment and the growing social media chatter. However, if things take a downturn, Sei (SEI) might fall back to its support at $0.163, and if that doesn't hold, it could drop further to $0.0978. It's a mix of exciting potential and cautious watchfulness for SEI as traders and investors weigh up the latest excitement against the numbers on the charts.
Celestia (TIA): Surging Demand Post-Network Upgrade
Celestia (TIA) is also shining bright after its latest network upgrade has been completed – the launch of its blockchain on November 11 has brought a unique modular data availability network to the table, really setting things in motion. Along with a smart airdrop strategy targeting developers and researchers, this big move has pushed up the demand for TIA whose market cap is sitting pretty at $920 million. Notably, the 24-hour trading volume of Celestia (TIA), at a hefty $157.7 million, is outdoing its circulating supply of 145.7 million tokens, which means the token is not just sitting in wallets, but actively being traded – a sign of vibrant market interest and potentially a predictor of more price movements.
Source: TradingView
On the technical front, TIA is swinging between the support at $4.623 and the resistance at $6.654. The 10-day and 100-day SMAs, sitting at $6.184 and $5.96, respectively, are nudging towards a bullish trend – it's like the market is leaning forward, waiting for the next big push. The MACD level at 0.171 and the RSI of 54.41 are giving off similar vibes, suggesting that buyers are definitely interested, but they're not going overboard just yet.
So, what's next for Celestia (TIA)? If the bulls take charge, we could see altcoin breaking past that $6.654 resistance and aiming for higher grounds at $7.862 and even $9.893. This climb would be fueled by the market's thumbs-up to the network upgrade and the relatively scarce supply of TIA in circulation. However, if things turn sour and the bears step in, Celestia (TIA) might have to retreat towards its lower defense lines at $3.8 and $1.796. Anyone looking to ride the TIA wave should keep an eye on how the market reacts to the project’s ongoing developments and the general crypto trends.
Bottomline
In the whirlwind world of crypto, it's never just business as usual. Right now, Sei (SEI), Celestia (TIA), and Step App (FITFI) are the pulse of the market where each move can spark a new trend or serve as a cautionary tale. The recent surge of SEI is a sign of growing confidence in altcoins; TIA, fresh off its network upgrade, is seeing more than just wallet storage – it's on the move and in the spotlight; and then there's FITFI, teetering on the edge of a potential breakout or fallback, its fate hinged on the next market swing. Investors and traders are watching these tokens with a mix of excitement and caution, given fluctuating interest rates and economic uncertainty.
Disclaimer: This is a sponsored article and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
