Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Elon Musk’s DOGE Proposes 20% IRS Cut Amid Controversy and Potential Tax Reforms

The Department of Government Efficiency (DOGE) is drawing attention with its ambitious plans to reshape federal financial practices under the leadership of Elon Musk. Recent reports indicate that DOGE is Decrypt

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SEI, Celestia & Stacks – Mid-Term Projections Amidst Market Volatility

SEI , Celestia , and Stacks have caught the eye of crypto enthusiasts. With the market in flux, discerning which of these digital assets might shine is crucial. This analysis unpacks the mid-term outlook for these coins, hinting at potential growth and opportunities. Dive in to discover the possible future movers in the blockchain space. SEI Market Update: Bearish Trends and Key Price Levels SEI experienced a decline of over 21% in the past month, with a significant drop of nearly 40% over the last six months. The weekly performance mirrored this trend, showing a decrease of approximately 21.6%. Price charts indicate strong bearish momentum, reflecting ongoing selling pressure in recent sessions. Currently trading between $0.18 and $0.32, resistance is noted at $0.40, with an additional barrier at $0.54. Support is holding steady around $0.11. Indicators show a 32.98 RSI and negative momentum readings, revealing that bears are currently in control. Traders might consider buying on dips at support or look to short if SEI fails to overcome the resistance levels. Celestia Market Snapshot: Short-Term Gains Meet Long-Term Corrections Last month showed solid gains with an increase of nearly 12%, while the past week delivered a jump of 7.33%. Over the six-month span, the coin experienced a decline of about 19.5%, reflecting a period of correction. Price recovery appears steady despite earlier dips, indicating fluctuating short-term strength amid longer-term weakness. The current price ranges between $2.83 and $4.89, with key support near $1.57 and resistance at $5.71, while a second resistance looms around $7.78. Buyers seem active below resistance levels, contributing to a sideways trend with cautious optimism. Trading within these bounds may prove beneficial if a break above $5.71 triggers renewed upward momentum. Stacks (STX) Market Insight During a Bearish Phase Stacks experienced a notable downturn over the past month with a 35.83% drop and a steep 62.34% decline over six months. The coin’s performance reflected persistent pressure, marked by significant losses and escalating bearish sentiment. Historical price movements show a lack of recovery, as technical indicators leaned toward negative readings without supportive upward momentum. Currently, Stacks trades between the $0.5774 and $1.2145 range. Traders face resistance at $1.60 and find support around $0.32, indicating these levels as pivotal markers. Bears remain in control, with indicators like an RSI of 33.02 and negative momentum confirming a weak trend. Short-term strategies might focus on cautious entries near support and potential exit points near resistance. Conclusion SEI , TIA , and STX have shown resilience despite market changes. Each coin has unique strengths that may shape their mid-term performance. SEI offers robust transactional capabilities, making it a strong contender. TIA`s modular approach attracts developers looking for flexibility. STX continues to gain attention with its focus on Bitcoin-related smart contracts. These attributes could help them navigate market shifts effectively. Overall, steady monitoring of their progress will be key to understanding their potential future outcomes. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Decrypt