$SEI Break Resistance Already đ„đ„
SEI has surged 25.12% to 0.4622, breaking above the trendline resistance at 0.45. This breakout indicates a potential reversal of the downtrend.
Technically, SEI's RSI is 73.12, indicating overbought conditions, while the MACD shows positive divergence, confirming the uptrend.
Realistic targets include 0.55-0.60 (20-30% increase) and long-term 0.80-1.00 (70-100% increase). However, a pullback to 0.38-0.40 (15-20% decrease) is possible due to overbought conditions.
Traders may consider taking profits at 0.55-0.60 and reassessing for further upside. Investors should hold and accumulate, focusing on long-term targets.
Key levels to watch:
Support: 0.38-0.40
Resistance: 0.55-0.60
Breakout confirmation requires sustained prices above 0.45.
