Is the $SEI Price Outperforming the $SUI Price Rally? - CoinPedia Analytics
The SEI price is currently mirroring the SUI price rally, showing signs of a parabolic recovery. After breaking above a critical resistance zone between $1.62 and $1.65, SEI continues to hold above this level, indicating a possible bullish continuation despite minor retracements. The DMI has undergone a bullish crossover, but a bearish divergence in the +Di suggests a short-term retracement, which is not yet a full pullback.
On the technical front, SEI is testing the crucial 200-day MA resistance at $0.4673. A break above this level could set the stage for further upward momentum. Additionally, the RSI has reached an upper threshold, signaling caution as a breakdown could occur. The bulls are still in control, as evidenced by the bull-bear power indicator, and with sustained strength, SEI could soon test higher targets. However, it is closely following the SUI price pattern, which may limit its ability to outperform in the short term.