Stacks (STX), Celestia (TIA) and Sei Network (SEI) Prices Surging – Here’s Why

A trio of layer-2 focused crypto assets have seen their prices pumping significantly today. Stacks (STX) is up 16%, Celestia (TIA) has gained 12%, and Sei Network (SEI) has risen 10% over the past 24 hours.

Stacks Making Play to Regain Bullish Momentum

According to analyst Bitcoin Ape, Stacks has shown impressive momentum over the last two months, rallying 160% since early December. However, after hitting resistance around the $2 price zone, it retraced 20% to establish support at $1.4.

Now, as Bitcoin Ape explains, Stacks looks poised to regain its uptrend and make another push towards critical resistance at $1.79. The coming days will indicate whether buyers can flip this level. If so, it would provide validation of Stacks’ bullish trend.

Celestia Breaking Out After Sideways Period

Celestia kickstarted its latest advance with a bullish engulfing candlestick, signifying a resumption of its uptrend after a period of sideways trading between $17.0-17.8. With its 24-hour trading volume rising 80% according to CoinMarketCap amidst the breakout, additional buyers appear to be jumping in.

The analyst points to Celestia’s push above a key $19 resistance level as giving bulls added confidence. If TIA can establish this prior resistance as new support, it could set the stage for continued upward momentum.

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Sei Network Approaching Key Price Levels

According to analyst NIGHTEYE, Sei Network’s fundamentals and price action are aligning for more near-term gains. With Sei’s network showing consistent growth recently, NIGHTEYE believes its token has room to reach the $1 level soon based on technicals.

Immediate upside targets noted are $0.62 (which has been broken), $0.65 and $0.67 on the road to $1. For short-term traders, Sei presents an appealing opportunity at current levels around $0.64.

With positives stacking up across technicals, fundamentals and on-chain metrics, the path of least resistance appears higher for these ascendant layer-2 projects. Further confirmation of their uptrends could ignite the next leg in their parabolic rallies.

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Philipp Traugott
Philipp Traugott

Phil Traugott is a staff writer at CaptainAltcoin. As a trained marketing specialist for copywriting and creative campaigns, he has been advising top companies on the following topics: online marketing, SEO and software branding for more than 10 years. The topic of crypto currencies is becoming increasingly important for companies and investors and he found it very alluring and fitting for his skillset which prompted him to pivot his career towards blockchain and cryptocurrencies.

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