- Sei crypto price has jumped by 9.03% in the last 24 hours.
- According to the trading volume, SEI ranks 25th in the cryptocurrency market.
- The SEI price is trading over the significant moving averages, showcasing the bullish momentum.
According to the technical chart of Sei (SEI) crypto, the price has been in a solid bullish trend. It has surged by approximately 500% in the past five months. The upward trend was disturbed near the $9 hurdle, and sellers further participated in dragging down the price.
Sei crypto price has been bullish and registered an all-time high of $0.88 on January 03, 2024, and further declined by 27% in the four days. The price made another attempt to surpass the last swing for a new all-time high but failed to sustain, and sellers dominated further.
After the second attempt, the SEI price declined by 29% in just four days, indicating the sellers’ grip. The buyers have managed to defend the $6 mark, which shows they are still in the game.
At the time of writing, the Sei crypto price trades at $0.69 with an intraday gain of 9.03%. The market capitalization of SEI is $1.69 billion, and the trading volume is $297.59.
The SEI Crypto Price is at an All-time High; What’s Next?
The SEI price is consolidating in a parallel channel on a daily time frame. The SEI crypto price has taken support at $6 and formed a double-bottom pattern, which has risen by 16.26% in the past three days.
The SEI price is currently heading toward the strong resistance level of $8.50. If the price approaches the $8.50 mark and sustains, it may register a new all-time high. If the SEI price holds near $8.50, takes a few weeks, and gives a bullish breakout, buyers may become confident, resulting in a bullish trend.
On the other hand, if the price fails to sustain the resistance level and declines, the price may consolidate for the next few months in the parallel channel.
As we can see, the price is on the support level of $6. If the buyers lose momentum and the price slips below the support level and sustains, selling pressure can be observed, and investors may prefer to book profit, which may lead to a panic selling.
Sei Price Prediction FAQs
What is the SEI price prediction today?
Sei crypto price is forecasted to gain 7.03% and hit $0.68 by today.
What is the SEI price prediction for tomorrow?
According to our analysis, the SEI crypto price is forecasted to gain 4.75 to reach $0.71 by tomorrow.
What is the Sei price forecast for this week?
According to the price action, the SEI price chart can remain bullish this week. It may range between $0.63 & $0.78.
What is the current SEI price sentiment?
According to our technical analysis, the current SEI price prediction sentiment is bullish.
Conclusion
Based on the technical analysis, the Sei crypto price seems to be in a bullish trend with strong resistance at $8.50. If the price manages to sustain above this level, it may register a new all-time high. However, if the price fails to maintain and declines below the support level of $6, it may trigger selling pressure, resulting in panic selling. As always, doing your research and making informed investment decisions is essential.
Technical Levels
Resistance: $0.70 & $0.85
Support: $0.60 & $0.35
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.