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SEI and KAIA tokens continued their upward momentum on Friday as Bitcoin remained steady below $105,000. This resilience in the cryptocurrency market comes ahead of a potentially volatile derivatives expiration day. Despite recent geopolitical and macroeconomic challenges, the upcoming “quadruple witching” event could test the stability of altcoins. If Bitcoin (BTC) manages to hold above the key support level of $104,000, SEI and KAIA may have further room for growth.

SEI and KAIA Price Analysis

SEI

As of early Friday, SEI was trading at $0.1948, showing modest gains. Over the past seven days, the token has risen by 6%. SEI’s nearest support level is at $0.1582, corresponding to the June 17 low, while its resistance level is at $0.2494, the upper boundary of a Fair Value Gap (FVG) on the daily chart.

Technical indicators highlight a positive outlook for SEI’s price trend:

  • Relative Strength Index (RSI): RSI is currently reading 50 and trending upward, indicating growing bullish momentum.
  • Moving Average Convergence Divergence (MACD): MACD signals underlying positive momentum in SEI’s price movement on the daily time frame.

If SEI manages a daily candlestick close above the $0.2494 resistance, it could test the next level at $0.2750, which marks the token’s May 11 high. However, increased volatility might lead to a correction, sending SEI to collect liquidity at the $0.1303 support level.

KAIA

KAIA is holding above $0.19 as of Friday, posting over 2% gains on the day. Over the past week, the token has increased by nearly 9%. The KAIA/USDT daily chart suggests potential for further price growth.

Key technical indicators for KAIA include:

  • RSI: While RSI indicates the token is overvalued, it hasn’t yet dropped below the 70 level, which typically generates a sell signal.
  • MACD: MACD is showing taller green histogram bars, pointing to a positive trend in KAIA’s price movement.

KAIA’s nearest resistance level is at $0.2054, the upper boundary of the FVG on the daily chart. Beyond that, the next hurdles are $0.2525 and $0.2665, the latter being the 2025 peak. On the downside, KAIA could revisit key support at $0.08, the February 3 low, or the FVG’s lower boundary at $0.1077.

Market Volatility in Response to Quadruple Witching

The overall cryptocurrency market capitalization has dropped by 2.3% in the last 24 hours, reflecting caution among traders ahead of the quadruple witching event. This event, which involves the simultaneous expiration of stock index options, stock options, stock index futures, and single stock futures, often leads to heightened volatility in financial markets, including cryptocurrencies.

While many altcoins ended the week in positive territory, geopolitical tensions over the weekend could impact trader sentiment and liquidity. Historically, crypto markets have shown resilience during uncertain times, including trade disputes, geopolitical conflicts, and other macroeconomic shocks. However, the short-term reaction to increased volatility remains to be seen.

Market sentiment on Friday remained neutral, with the sentiment index reading 54 on a scale of 0 to 100. This indicates a balanced outlook among traders as they navigate the week’s uncertainties.

Trump-Era Optimism

The optimism that followed the Trump administration, combined with Bitcoin’s surge to a new all-time high, continues to influence the cryptocurrency market. Despite escalating geopolitical conflicts and other risks, Bitcoin has successfully defended the critical $100,000 level, signaling strong support from traders.

Macroeconomic challenges, including rising tensions in the Middle East and ongoing regulatory developments, have not deterred crypto traders. Positive developments, such as the passage of the GENIUS Act in the Senate, the resolution of the SEC v. Ripple lawsuit, and the SEC’s more lenient stance toward the crypto sector, have further bolstered confidence.

Altcoin market capitalization is currently testing key support at $1.09 trillion. If this level holds, altcoins like SEI and KAIA could maintain their recent gains and withstand short-term market volatility.

Disclosure: This article is for educational purposes only and does not constitute investment advice.

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