At the same time that the spot single-day trading volume surged beyond $25 million, the $SEI price accelerated upward, closing in on the $0.06 mark. Over the past 24 hours, the gain has expanded to nearly 10%, and the asset has consequently moved into the top five of the spot market’s abnormal movers list.
Compared with the trend of most assets losing momentum after a spike, the order book shows a relatively coherent pattern of increased volume and turnover: over the past 24 hours, the spot matched-trade count exceeded 310,000, with trading value surpassing $25.7 million. Both the price action and trading activity indicate an additional acceleration.
However, after the price rapidly approached the $0.06 whole-dollar level, a handover-and-competition dynamic emerged between overhead resistance levels and short-term profit-taking positions. The key point to watch after the volume-backed rally is whether the current level of trading heat can establish solid support around this critical level, and whether it can prevent a pullback and consolidation following a spike to higher prices.
#SEI #Crypto
Compared with the trend of most assets losing momentum after a spike, the order book shows a relatively coherent pattern of increased volume and turnover: over the past 24 hours, the spot matched-trade count exceeded 310,000, with trading value surpassing $25.7 million. Both the price action and trading activity indicate an additional acceleration.
However, after the price rapidly approached the $0.06 whole-dollar level, a handover-and-competition dynamic emerged between overhead resistance levels and short-term profit-taking positions. The key point to watch after the volume-backed rally is whether the current level of trading heat can establish solid support around this critical level, and whether it can prevent a pullback and consolidation following a spike to higher prices.
#SEI #Crypto