BTCNEARNewsPrice Prediction

SEI Hits Fresh 52 Week High, What Next?

1 Mins read

SEI price rolled above the sellers’ eyesight and made a 52 week high of $0.8850 highlighting buyers’ dominance. Moreover, the trend is intact, and buyers have continued stretching the up move, reflecting outperformance for the past sessions. Furthermore, the price action delivers the higher high swings, and follow-on buying momentum was witnessed on the chart.

SEI token price has surpassed the key moving averages and is sustaining gains in the bullish trajectory, reflecting bullish sentiments on the chart. However, the SEI price has retraced to the 50-day EMA and is awaiting a pullback. Per the Fibonacci retracement zone, SEI token has escaped the 61.8% zone and is above the mid bollinger band.

At press time, the SEI token is trading at $0.7693 with an intraday gain of 7.32%, showing a breakout on the chart. Moreover, the trading volume jumped by 82.80% to $1.72 Billion, directing massive investor interest. The pair of SEI/BTC is noted at 0.0000185 BTC, and the market cap is $ 1.44 Billion. Analysts have maintained a bullish rating and suggest that the SEI price has reached the blue sky zone and will continue to gain.

SEI on Hourly Chart Displays Higher High Swings

SEI Price Prediction: SEI Hits Fresh 52 Week High, What Next?
Source: SEI Price Chart by TradingView

On the hourly chart, SEI token displayed a sharp exit and persisted in displaying the bull rally beyond the sellers’ vision. Additionally, the SEI token has rewarded the investors and hit a fresh 52-week high in recent sessions. Moreover, the trend is intact and further short covering rally may continue.

SEI on Daily Chart Reflects Breakout

SEI Price Prediction: SEI Hits Fresh 52 Week High, What Next?
Source: SEI Price Chart By TradingView

On the daily chart, the SEI token rolled over 130% from the immediate support zone of $0.4000 near the 20-day EMA mark and has sharply risen toward the blue sky zone. Moreover, the token has witnessed investor demand and displayed a massive volume spike, reflecting the accumulation in recent sessions.

The RSI curve stayed in the overbought zone, reflecting a positive crossover, indicating the bulls’ dominance on the chart. Moreover, the MACD indicator showed a bullish crossover and formed green bars on the histogram, suggesting that the SEI token will continue to rally in the following sessions.

Summary

SEI token displayed a massive pump and hit a fresh 52-week high mark, reflecting bullish momentum in recent sessions. Moreover, the price action highlights the bulls’ dominance. SEI token may continue to gain and reach $1.000.

Technical Levels

Support Levels: $0.7600 and $0.7400

Resistance Levels: $0.7800 and $0.8000

Source

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About author
Harry is a crypto enthusiast and experienced trader with a track record of success. With a deep understanding of blockchain technology, he has analyzed market trends and identified profitable opportunities, resulting in impressive returns. Harry 's expertise lies in developing effective trading strategies that leverage the potential of cryptocurrencies. Through his articles, guides, and educational resources, he shares his insights and knowledge, helping individuals make informed trading decisions. With a keen eye for market patterns, Harry has navigated the volatile crypto landscape with confidence. Stay tuned for valuable perspectives and expert advice from Harry as he contributes to the Ailtra platform.
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