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$SEI SEI/USDT Technical Analysis – January 4, 2025 🚀
📊 Current Price: $0.4731 (Approx. Rs.131.75)
24h Change: +5.51%
Volume (24h): 75.33M SEI (~$34.51M USDT)
Key Levels to Watch
1️⃣ Target 1: $0.5000
Analysis: A psychological resistance level and a Fibonacci retracement point. Breaking this could lead to bullish momentum.
Strategy: Monitor for strong buying pressure and volume spikes near $0.4900-$0.5000.
2️⃣ Target 2: $0.5400
Analysis: This is a significant resistance level from the last month’s trading range. A breakout here could signal a mid-term bullish rally.
Strategy: Wait for confirmation with sustained price action above $0.5000 and increased RSI (>70).
3️⃣ Target 3: $0.6000
Analysis: Long-term resistance level aligned with the 180-day highs. Reaching this target could indicate strong investor confidence.
Strategy: Watch for a breakout supported by MACD crossover and bullish SAR flips.
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Technical Indicators at a Glance
Moving Averages (MA/EMA): Price is above both the short-term and long-term averages, signaling bullish momentum.
Bollinger Bands (BOLL): Price is nearing the upper band, suggesting potential overbought conditions; a breakout could lead to further upward movement.
MACD: Positive divergence indicates buying momentum is building.
Support Levels: $0.4529 (24h low), $0.4300 (strong base).
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Key Insights
Short-Term Sentiment: Bullish; traders should look for opportunities above $0.4800.
Long-Term Outlook: Sustained upward trend with potential for significant gains if $0.5000 resistance is breached.
#BİNANCE #SEIUSDT #CryptoTrading