$SEI Examining the SEI Price: Is It Possible for Sei Network to Set a New Record High Following a Trade Volume Surge?
Currently, SEI is trading at $0.77 on the market, reflecting a 24-hour move of -3.66%, as price action pushes higher from double-bottomed support.
The rebound advance is now testing resistance just below the previous all-time high at $0.88, thanks to double-bottomed support that established above lower support at $0.675.
The rise of the rising 20-day moving average (DMA), which is now at $0.68, has provided further support.
Research on the SEI Market, the SEI Network, and the SEI Price Forecast
The MACD is showing signs of increasing convergence, suggesting a breakout move from the bullish pendant pattern is gaining steam. The MACD is expected to become bullish soon, however there is now some negative divergence of -00.063.
around the same time, the relative strength index (RSI) has not been able to cool down much, staying around 63.75, a negative indication, despite a lengthy consolidation over the previous 9 days.
There is a conflicting signal between strong technical form and important indicators, which might indicate that consolidation movements on the short-term frame will continue, as price pushes higher into the trading channel.
Analysis of SEI prices, SEI networks, and predictions of SEI prices
Above its current all-time high of $0.90 (a potential +14.03% increase), the SEI price is confronted with an upward objective.
The negative risk, however, is that the price of SEI might go as low as $0.675, representing a possible 14.58% decline.
With a risk-to-reward ratio of 0.97, SEI network is in a poor position to enter the market, as momentum will stop due to resistance.
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