Sei's market performance has been notably weak, with the cryptocurrency experiencing a -3.42% decline against the US Dollar in the last 24 hours. This underperformance is further highlighted by a -16.41% drop over the past month, despite a significant 260.68% increase over the past year. Currently trading at $0.391430, Sei is 24.11% below the predicted price of $0.515757 for November 5, 2024.
The market sentiment for Sei remains bearish, with 75% of indicators signaling a negative outlook. The Fear & Greed index stands at 69, indicating a market driven by greed, which often precedes corrections. Key support levels are identified at $0.394723, $0.380788, and $0.367855, while resistance levels are at $0.421592, $0.434525, and $0.448461.
Despite some bullish technical indicators, the overall sentiment and recent performance suggest caution. The cryptocurrency market's inherent volatility further complicates predictions, making it essential for investors to remain vigilant and consider professional advice before making decisions.