Stacks

Momentum

Celestia

<p>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.</p>
<p><strong>Stacks Making Play to Regain Bullish Momentum</strong></p>
<p>According to <a href="https://twitter.com/bitcoinape_/status/1755533912783061237?t=JN-PqVO7Oj-uGm-mtwUxJg&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">analyst Bitcoin Ape,</a> 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.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="443" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-283-1024x443.png" alt="" class="wp-image-434807" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-283-1024x443.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-283-300x130.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-283-766x331.png 766w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-283-1536x664.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-283-2048x885.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-283-347x150.png 347w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-283-100x43.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-283-810x350.png 810w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-283-788x340.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-283.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>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.</p>
<p><strong>Celestia Breaking Out After Sideways Period</strong></p>
<p>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.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="464" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-282-1024x464.png" alt="" class="wp-image-434799" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-282-1024x464.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-282-300x136.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-282-768x348.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-282-1536x696.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-282-2048x929.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-282-331x150.png 331w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-282-100x45.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-282-772x350.png 772w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-282-788x357.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-282.png 1824w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>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.</p>
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<p><strong>Sei Network Approaching Key Price Levels</strong></p>
<p>According to <a href="https://twitter.com/Vai9011/status/1755310362398986659" target="_blank" rel="noopener noreferrer nofollow">analyst NIGHTEYE</a>, 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.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="670" height="1024" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-281-670x1024.png" alt="" class="wp-image-434791" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-281-670x1024.png 670w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-281-196x300.png 196w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-281-768x1173.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-281-1005x1536.png 1005w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-281-1340x2048.png 1340w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-281-98x150.png 98w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-281-100x153.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-281-229x350.png 229w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-281-788x1204.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-281.png 589w" sizes="(max-width: 670px) 100vw, 670px">
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<p>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.</p>
<p>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.</p>
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<p>The post <a href="https://captainaltcoin.com/stacks-stx-celestia-tia-and-sei-network-sei-prices-surging-heres-why/" rel="noopener noreferrer nofollow">Stacks (STX), Celestia (TIA) and Sei Network (SEI) Prices Surging – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

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

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