The long-awaited #Sei project is now available on almost all stock exchanges. The project, which did not deliver satisfactory airdrops after a long testnet mission, suddenly started to be hated by the community.
There is no rule that projects must distribute Airdrop. However, projects that carry out tests with users before they go to market make their communities strong by giving rewards. Here is the current $SEI Coin technical analysis, support and resistance levels
Sei Coin Technical Analysis, Current Support and Resistance Levels
According to our technical indicators, current sentiment is Bearish, with the Fear and Greed Index reading 37 (Fear). Sei recorded 1/5 (20%) green days with price volatility in the last 30 days.
Based on data dated August 20, 2023, the overall Sei price forecast sentiment is bearish.
While 0 technical analysis indicators give bullish signals, 8 technical analysis indicators give bearish signals.
It has high liquidity with a volume/market value ratio of 0.44477. Current market cap is $276.63 million, 24-hour volume is $123.04 million
Currently, the Sei Fear and Greed Index stands at 37, meaning investors' sentiment is in the so-called Fear zone.
SEI token price is trading above $0.15. Despite sellers' attempts to push the asset price below $0.15, buyers managed to maintain the $0.15 price level and now this has become a crucial support for the SEI token price.
SEI support is at $0.15 on the hourly chart. SEI token price still remains below the 10-day Moving Average but is now retesting the 10-day from below and with gradually increasing buying pressure, SEI token price could potentially rise above the 10-day MA.
In terms of resistance, the $0.20 price level is psychological resistance, but since SEI was recently rejected below this level, the $0.18 price could act as a potential resistance to the SEI token price, causing the price to decline below $0.15.
The data here is not investment advice.
