3 notable Made in USA coins in the last week of June 2024

The cryptocurrency market continues to fluctuate as June approaches, with some 'US-produced coins' recording significant increases. A highlight is Sei, which is currently rising due to being chosen as the blockchain for WYST, a USD-backed stablecoin.

BeInCrypto has analyzed two other US-produced crypto tokens attracting attention this week.

Sei (SEI)

SEI has emerged as one of the best-performing US-produced coins, increasing 15% in the past 24 hours. Trading at $0.208, this altcoin is currently above the critical support level of $0.197. The recent growth indicates increasing investor confidence in this cryptocurrency.

The recent announcement that the Wyoming Stable Token Committee chose Sei as the blockchain for the USD-backed stablecoin WYST has boosted the growth of this altcoin.

The RSI has also crossed the neutral level, signaling a shift into the price increase zone. This technical indicator suggests continued momentum for SEI in the short term.

With the current momentum, SEI is likely to continue growing towards the resistance level of $0.225 in the coming days. However, if the altcoin loses momentum and falls below the support level of $0.197, it could drop to $0.183. This would invalidate SEI's current price increase prospects.

Helium (HNT)

HNT has shifted from a downward trend to an upward trend for the first time since the beginning of the month. The altcoin has increased by 17%, currently trading at $2.67. This is a significant change in momentum, with HNT seeking to continue its positive price trend in the near future.

The Parabolic SAR is currently below the candles, indicating a strong upward trend for HNT. This change ends the month-and-a-half-long decline, suggesting the altcoin could break through $2.75 and reach $3.00.

However, if HNT cannot break through the resistance level of $2.75, it may experience a decline. Dropping to $2.41 would indicate weakening momentum, and breaking below $2.27 would invalidate the current price increase prospects. This scenario could lead to further losses for HNT holders.

Bitcoin Cash (BCH)

BCH is currently priced at $490, having increased 15.6% over the past week. This altcoin has benefited from Bitcoin's price surge, bringing it closer to the $500 mark. Investors are closely watching this level as BCH continues to show resilience following Bitcoin's recent performance.

The important resistance level for BCH is $501, a price it has not exceeded since December 2024. The Ichimoku Cloud is indicating strong upward momentum, suggesting BCH could break through this resistance level.

If this occurs, the price could increase further, potentially reaching $529 and beyond, with significant price increase potential.

However, if market sentiment becomes negative and selling pressure increases, BCH may struggle to break through $501. In this case, the price could drop to $446, invalidating the current price increase prospects.

Loss of momentum could lead to a short-term price reversal.