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Sei Price Rose By 220% In December; Will It Remain Profitable?

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Sei Price Rose By 220% In December; Will It Remain Profitable?
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  • The Sei crypto price has fallen by 35% since its recent high.
  • In terms of volume, Sei ranks 13th in the cryptocurrency market.

The Sei (SEI) price is at $0.677 with an intraday gain of 0.17%. Its market capitalization is $1.55 billion, which has decreased by 1.33% in the past 24 hours. The trading volume of SEI is $733 million.

The circulating supply is 2,300,000,000 SEI and the maximum and total supply is 10,000,000,000 SEI. The fully diluted market cap is $6,768,355,254.

The Sei crypto price has been in a strong bullish trend for some time. The SEI price recorded its all-time high of $1.07 in January 2024. The price has declined by 35% from its all-time high.

The price prediction sentiment is bullish with 18 technical indicators giving a bullish signal while only 3 are giving a bearish signal. 

Current Price – $0.677 (0.17%) Fear & Greed Index – 71 (greed)


Sentiment – Bullish Green Days – 16/30 (53%)


Price Prediction – $0.672 (-2.01%) RSI – 67.26


Volatility – 42.09% 200-day EMA – $0.310


Sei Price Technical Analysis Over 1-D Timeframe

BINANCE: SEI/USD 1-Day Chart By TradingView

The Sei crypto price has been rising by taking support on a trendline and is currently taking pullback. If the SEI price surpasses the $0.8000 hurdle and sustains above it, then a new all-time high can be recorded and the price may fly higher.

On the other hand, if the SEI price fails to surpass the last swing high and sustains below the trendline, then buyers may incur losses which may result in a sharp fall.

Sei Price Technical Analysis on 4-Hour Timeframe

Sei Crypto
BINANCE: SEI/USD 4-H Chart By TradingView

The SEI price has been in a bullish trend and it has faced resistance from the $1 hurdle and declined by more than 30%. If the SEI price slips below the 100-day moving average and sustains below this, then the sellers may become strong which may result in a bearish momentum.

On the other hand, if the SEI/USD chart succeeds in inviting buyers, then the price may be pumped and a fresh all-time high can be expected.

Oscillators vs Moving Average Analysis

Sei Crypto

According to this data, the Oscillators are favoring Neutral momentum for the Sei price ahead. The SEI price may consolidate for the next few trading days.

The moving averages are signaling a strong bullish trend and the price may gain bullish momentum. Selling pressure is not expected so the overall trend is bullish.

Sei Price Prediction FAQs

What is the Sei price prediction today?

According to our analysis, the SEI price will gain 1.17% to reach $0.685 by today.

What is the SEI price prediction tomorrow?

The SEI price is predicted to gain 6.45% to reach $0.728 by tomorrow.

What is the Sei price prediction for 2024?

The Sei price is predicted to range between $0.638 and $0.937 in 2024. The SEI coin price would gain 36% to reach $0.937 if it approaches the upper target.

Will the SEI price reach $1?

The Sei price needs to gain 44.25% to reach $1. According to our analysis, the SEI price will hit $1 by January 2025.

Will the Sei price reach $10?

Sei crypto price would have to gain 442.50% to reach $10. According to our algorithm, the SEI price will reach $10 by July 2026.

Will the SEI price reach $100?

The SEI price needs to gain 4,425.00% to reach $100. Based on our analysis, the SEI price will hit $100 by September 2028.

Conclusion

The Sei crypto price has been in a strong bullish trend and it has been rising by taking small pullbacks. The SEI price recently recorded an all-time high of $1.07 and witnessed profit booking. According to experts, the price may remain bullish for the next few days.

Technical levels

Resistance: $0.8000 & $1.07

Support: $0.3400 & $0.6400

Disclaimer

Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.

P
Written by
Cryptocurrency Writer

Pratik Chadhokar is a cryptocurrency and markets writer contributing to The Market Periodical. His coverage spans Bitcoin and Ethereum price analysis, staking, cross-chain tools and crypto regulation.

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About this article

PublishedJanuary 9, 2024 3:34 pm
Last updatedJanuary 17, 2025 6:22 pm
Written byPratik Chadhokar, Cryptocurrency Writer
ReviewedFact-checked by the TMP editorial desk

This report follows our Editorial Policy, Fact-Checking Standards and Code of Ethics. Found an inaccuracy? See Corrections.

Disclaimer. Informational only, not financial advice. Crypto, forex and stocks are volatile, high-risk assets — always do your own research and consult a qualified adviser.

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