- The crypto market is bullish ahead of the Federal Reserve FOMC meeting; Bitcoin broke $43,700.
- SEI and SUI surged over 8%, with increased market cap and volume, eyeing to breach resistance.
- Solana’s potential breakout from the descending channel could lead to a $113 target price.
Investors are on edge as the crypto market waits for the impending Federal Reserve FOMC meeting, with the interest rate decision scheduled for January 31. As a result, bullish momentum has revived in the cryptocurrency market as investors anticipate a positive outcome from the conference.
This increased confidence has resulted in an increase in trading volume and a jump in prices for several cryptocurrencies, with Bitcoin (BTC) leading the way after breaking out to $43,700. Concurrently, basking in optimism, Sui (SUI), Solana (SOL), and Sei (SEI) have also experienced significant price gains despite a bearish trend earlier in the day.
SEI/USD
Following a negative trend in the Sei (SEI) market in the early hours of the day, support at the intra-day low of $0.6431 has helped to reverse the downward trend. As a result,…
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