SEI Analysis SEI has surged by more than 25% in the past seven days, with bulls targeting a key resistance level. A breakout above this level could set the stage for a reversal, leading to a sharp rise in price to $0.50. The cryptocurrency fell to $0.25 after a 10.30% plunge on Sunday. However, its support level held, and SEI was able to rebound, rising 10.94% to $0.28, erasing the losses from the previous session. SEI continued its upward trajectory on Tuesday, recording a 15.99% gain to $0.33.
However, it faced stiff resistance at this level, recording only a small gain on Wednesday. On Thursday, SEI fell 6.54% to $0.31. The current trading session is priced at $0.32, with buyers attempting to push above the 20-day EMA. If SEI can break above this level, we could see a rise in price to $0.40 and the 500-day SMA. A breakout above this level could push the price up to $0.50.
To learn more about specific opportunities and decisions, check out the introduction and get a position allocation guide to learn how to make money in a bull market and earn coins in a bear market
