The crypto market remained on edge on Thursday morning amid reports that the Trump administration was about to launch strikes against Iran, which may lead to a wider war in the Middle East.
Bitcoin price remained below $105,000, while Ethereum was stuck above $2,500. XRP dropped slightly to $2.165, while the market capitalization of all cryptocurrencies dropped to $3.25 trillion.
The crypto market performance mirrored that of the US stock market as the Dow Jones, S&P 500, and Nasdaq 100 dropped by about 0.25%. This article provides a forecast for crypto tokens like Bubblemaps (BMT), Aerodrome Finance (AERO), and Sei (SEI).
Bubblemaps price technical analysis
The Bubblemaps token has done well in the past few weeks, even as the crypto crash accelerated. It bottomed at $0.087 on June 11 and soared to a high of $0.1483 on Thursday.
BMT token moved briefly above the crucial resistance level at $0.1370, the highest swing on June 6 this year. Moving above that level invalidated the double-top chart pattern, a popular bearish reversal sign.
Bubblemaps token has moved above the 50-day Exponential Moving Average (EMA). It is hovering near the 38.2% Fibonacci Retracement level, while the Relative Strength Index (RSI) drifted upwards.
Therefore, the Bubblemaps token price will likely continue rising as bulls target the all-time high of $0.1895, up by 34% from the current level. A drop below the support at $0.13 will invalidate the bullish Bubblemaps forecast and point to more downside, potentially to $0.10.
AERO price technical analysis
Aerodrome Finance token has been one of the best-performing cryptocurrencies in the past few weeks as it jumped to its highest level since February. AERO jumped as the volume handled on the network soared.
Aerodrome Finance also jumped ahead of its integration with Coinbase, the biggest crypto exchange in the US. This integration will likely boost its volume and revenues over time.
AERO price rose above the key resistance level at $0.8010, the highest swing on May 10. This price was also the upper side of the ascending triangle pattern.
It has also moved above the 50-day and 100-day Exponential Moving Averages (EMA), while the Relative Strength Index (RSI) has pointed upward.
Therefore, the token will likely continue rising as bulls target the key resistance at $1.3170, the 50% retracement level. A drop below the support at $0.8010 will invalidate the bullish view.
Sei price technical analysis
The SEI token has remained on edge in the past few months, even as its ecosystem growth accelerated. For example, it has become the second biggest player in the blockchain gaming industry with over 2.49 million unique active addresses (UAW).
SEI price dropped from a high of $0.2747 on May 10 to $0.1832, its lowest point since April 22. The token moved below the key support at $0.2017, its lowest swing in August last year.
Sei price has moved below the 50-day Exponential Moving Average. Similarly, the RSI and the MACD have continued falling. Therefore, the token will likely drop to $0.2195, its lowest point in April, and then bounce back, potentially to the neckline at $0.2747.
Read more: Coinbase, Circle shares surge after US Senate passes Stablecoin bill
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