SEI Climbs 60% to $0.65, But Liquidation Concerns Persist
Sei ( $SEI ) has seen an impressive 60% rise in the last two weeks. After a pullback to the 50% Fibonacci level, the coin has gained bullish momentum. Currently, SEI trades at $0.4874, marking a 3.94% increase in the past 24 hours. Trading volume stands at $783.84 million, and Total Value Locked (TVL) is at $207.32 million. Despite this growth, concerns about liquidation risks remain.
At $0.4600, SEI’s breakout point suggests a target of $0.65. This target comes from adding the flagpole height to the breakout level. If the breakout holds, SEI could reach $0.65, showing significant upside potential.
Resistance at $0.5460 and support around $0.4414 are key levels. The Alligator lines confirm that the market is trending, with SEI staying above these lines. The Supertrend is green, further supporting the bullish outlook as long as SEI remains above the trendline.
