Good day, everyone
Hope we all had a good day
Well Let’s take a moment to discuss SEI’s price action.
We all know that SEI can help traders in analysing bitcoin movements Right now, SEI is sitting at $0.4971 and has just broken above the $0.43 resistance level. This shows that buyers in the market are definitely stronger than the sellers
(In my opinion atleast)
The 20-day EMA is on the rise, and the RSI indicates overbought conditions, which is great news for buyers. If SEI can hold above $0.43, that level will likely become support, increasing the chances of it climbing to $0.60 or even $0.70.
On the flip side, if the price drops below $0.43, we could see it fall to the 20-day EMA.The sellers in the market would need to push it below this average to take control.
Looking at the 4-hour chart, the price has bounced off the $0.43 support, which suggests that market sentiment is positive. If it stays above $0.46, buyers may aim to retest the $0.50 resistance. A successful move past $0.50 would indicate that the upward trend is continuing. But if it falls below the 50-SMA, we might see it drop to around $0.36, where buyers are likely to step back in.
So, what do you think? Do you believe SEI will break above $0.50 soon?
Hope we all had a good day
Well Let’s take a moment to discuss SEI’s price action.
We all know that SEI can help traders in analysing bitcoin movements Right now, SEI is sitting at $0.4971 and has just broken above the $0.43 resistance level. This shows that buyers in the market are definitely stronger than the sellers
(In my opinion atleast)
The 20-day EMA is on the rise, and the RSI indicates overbought conditions, which is great news for buyers. If SEI can hold above $0.43, that level will likely become support, increasing the chances of it climbing to $0.60 or even $0.70.
On the flip side, if the price drops below $0.43, we could see it fall to the 20-day EMA.The sellers in the market would need to push it below this average to take control.
Looking at the 4-hour chart, the price has bounced off the $0.43 support, which suggests that market sentiment is positive. If it stays above $0.46, buyers may aim to retest the $0.50 resistance. A successful move past $0.50 would indicate that the upward trend is continuing. But if it falls below the 50-SMA, we might see it drop to around $0.36, where buyers are likely to step back in.
So, what do you think? Do you believe SEI will break above $0.50 soon?
This SEI coin has pumped the most at the moment, so it will pump more. Because many investors have been created who are heavily involved in this SEI coin holding. It will go further in the future because the team is still one, they are ready to take any action in the moment. So investing in SEI coins will definitely bring investment success.
