$SEI is showing powerful momentum on the 1H chart, trading around $0.0767 after a sharp 21%+ move. Price is comfortably above the MA(7) at $0.0743, MA(25) at $0.0683, and MA(99) at $0.0624, keeping the short-term structure strongly bullish.
But here’s the interesting part: RSI(6) is around 94.5, meaning the move is extremely stretched in the short term. That doesn’t automatically mean a reversal, but it does increase the chance of a pullback or sideways consolidation.
The immediate resistance is the recent high near $0.07696, followed by the psychological $0.078–$0.080 zone. For support, watch $0.0735, then $0.0683.
If $SEI holds above the MA(7), bulls remain in control.
#BitcoinSpotETFsTurnNetPositiveYTD #QNTRises39%
But here’s the interesting part: RSI(6) is around 94.5, meaning the move is extremely stretched in the short term. That doesn’t automatically mean a reversal, but it does increase the chance of a pullback or sideways consolidation.
The immediate resistance is the recent high near $0.07696, followed by the psychological $0.078–$0.080 zone. For support, watch $0.0735, then $0.0683.
If $SEI holds above the MA(7), bulls remain in control.
#BitcoinSpotETFsTurnNetPositiveYTD #QNTRises39%