SEIUSDT: Price ranges to accumulate!!
Let's analyse SEIUSDT both fundamentally and technically.
FUNDAMENTAL ANALYSIS:
Sei is a specialized Layer 1 blockchain designed to power a variety of financial applications. Its focus on trading makes it an attractive platform for developing innovative financial products like derivatives, complex financial instruments, and asset management solutions. This versatility appeals to financial institutions and developers seeking a robust and efficient infrastructure for trading, lending, and other financial activities.
TECHNICAL ANALYSIS:
SEI is currently trading within a parallel channel, recently touching the lower support line. Despite a short-term price decline, the increasing trading volume suggests potential buying interest. A rebound from the current support level is possible.
Volume increased over 30% in 24 hrs.
Buying Levels:
$0.2314 to $0.2775 (upper support) $0.1271 to $0.1538 (lower support)
Target Levels:
$0.44 (short term) $0.69 (mid term) $1.91 (long term)
