$SEI $SEI
Price Position: SEI is trading at 0.6480, up 14.51% in the last 24 hours, with a high of 0.6951.
Immediate Resistance:
0.6951: Recent high serves as the immediate resistance. A breakout above this level could trigger further gains.
Psychological Level: 0.7500 is a potential next target if momentum sustains.
Support Levels:
0.5850: Recent consolidation area and 25 EMA support zone.
0.5600: 25 EMA level, providing additional support in case of a pullback.
Bullish Case: Wait for a breakout above 0.6951 with confirmation via volume and sustained buying pressure. Next targets: 0.7500 and 0.8000.
Bearish Case: If the price fails to break 0.6951, expect a pullback to 0.5850 or lower levels for a potential reentry.