$SEI Binance Technical Analysis: SEI/USDT – Targeting Key Levels
🚀 Current Price: 0.3938 USDT (Rs 109.96)
🔻 24h Low: 0.3911 | 🔺 24h High: 0.4589
📉 24h Volume (SEI): 154.25M | 📊 24h Volume (USDT): 64.84M
Overview:
SEI/USDT has recently shown some volatility, with the price fluctuating between the 24-hour low of 0.3911 and a high of 0.4589. Currently, we are seeing a slight decline, with the price hovering around 0.3938.
Key Levels to Watch:
1. Target 1 – Support Level: 0.3897
This level is crucial for the near-term as it has shown to hold as support. If the price dips further, 0.3897 could serve as the floor, where a bounce could be expected. Traders may want to look for a reversal at this level for a potential long position.
2. Target 2 – Resistance Level: 0.4203
A key resistance zone lies at 0.4203. If the price breaks through this level with strong volume, it could signal a bullish continuation. Traders should look for confirmation through price action before considering any breakout trades.
3. Target 3 – Upper Range: 0.4589
This is the critical resistance level of the 24h high. If SEI/USDT can break above 0.4203 and show sustained momentum, reaching 0.4589 could be the next logical target. A strong close above this level could trigger a bullish rally, aiming for even higher targets.
Indicators:
MA(5): 2,034,601.4
MA(10): 2,222,881.2
MACD, EMA, and BOLL indicate mixed signals, suggesting caution and possible consolidation in the short term.
📉 Volume: 364K – Suggests some downward pressure, but a breakout could quickly change the momentum.
📊 Conclusion:
Keep an eye on these key levels—0.3897 for support, 0.4203 for resistance, and 0.4589 as the ultimate target. It’s essential to confirm breakouts or bounces with strong volume and watch the indicators closely for any trend changes.
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