Altcoins Jupiter, Cronos, SEI Show Resilience Amid Bearish Market

In the current bearish crypto market, certain altcoins are showing resilience and potential for short-term income. Jupiter (JUP), Cronos (CRO), and SEI are among the coins that have caught the attention of investors due to their unique features and market performance.

Jupiter has faced significant challenges, with a sharp decline of around 23% over the past month and half-year losses nearing 60%. The price action has been volatile, with sustained markdowns indicating a persistent weakening trend. Currently, Jupiter trades between $0.27 and $0.72, testing resistance at about $1.01 and finding support near $0.13. The Relative Strength Index (RSI) is close to neutral at 47, with low momentum reading of $0.04. Trading ideas focus on potential bounces near the support level or breakouts past the resistance, but caution is advised due to the uncertain terrain.

Cronos, on the other hand, has experienced modest gains of about 3.89% over the last month and a six-month increase of roughly 6.83%. Despite a recent weekly decline of 8.10%, the coin has shown a mix of hesitation and cautious optimism among traders. Cronos currently trades between $0.07 and $0.12, with immediate resistance at $0.15 and a second barrier near $0.20. Support holds near $0.04, and oscillators suggest a bearish tilt with an RSI around 44. Traders may find opportunities within these levels while awaiting a breakout to signal stronger bullish momentum.

SEI has also faced recent declines, with a 10.77% drop in the past month and a steep 59.50% plunge over the last six months. The coin trades between $0.13 and $0.24, with key support near $0.10 and the first resistance at $0.31, followed by a higher challenge at $0.42. The RSI is neutral near 49, suggesting no strong trend. Trading ideas include cautious bullish entries at support with tight stops and bear strategies aimed at the resistance levels.

Each of these coins offers unique features that can appeal to different segments of investors. Jupiter provides secure communication solutions, Cronos supports a growing ecosystem of products and services, and SEI focuses on user-friendly financial applications. These coins can help diversify portfolios and capitalize on short-term opportunities in a bearish market.