$SEI



Technical Indicators

  1. Moving Average (MA 200, SMA, 9):

    • The price is significantly above the 200 MA at 0.4382, confirming a strong bullish trend.

    • The 200 MA serves as a reliable dynamic support, with the price continuing to trend higher without testing it recently.

  2. RSI (14, SMA):

    • The RSI is at 66.85, approaching overbought territory. This indicates strong bullish momentum but raises caution for a potential cooldown or consolidation.

  3. MACD (12, 26, close, 9):

    • The MACD histogram shows positive momentum, with the MACD line (0.0378) above the signal line (0.0254), supporting continued bullishness.

    • No immediate signs of bearish divergence, suggesting the trend may persist.

  4. Volume (SMA, 9):

    • Volume shows a significant increase, validating the price breakout and indicating strong market participation.

Chart Observations

  1. Support Zone:

    • The breakout level near 0.6000 serves as the immediate support zone. A pullback to this area might attract buyers looking to join the trend.

    • The next key support is around the 200 MA at 0.4382 in case of a broader correction.

  2. Resistance Zone:

    • The price is approaching the critical resistance zone between 0.7000 and 0.7500, which aligns with previous highs seen earlier in 2024.

    • Breaking above this zone could lead to a rally toward the psychological level of 1.0000.

  3. Price Pattern:

    • The chart indicates a breakout from a long-term accumulation phase, with the price pushing into new higher highs.

    • The formation of higher highs and higher lows suggests the continuation of the bullish structure.





SEI/USDT is in a strong uptrend, supported by bullish momentum and volume. However, the approaching resistance zone between 0.7000 and 0.7500 may test the trend's strength. Traders should watch the RSI and MACD for signs of exhaustion or divergence to anticipate the next move. A breakout above 0.7500 could open the path to 1.0000.