$SEI

In the last four hours, SEI/USDT has experienced significant price action, drawing the attention of traders. The trading pair started this period at $0.1120, climbing quickly to $0.1160 due to a surge in buying interest driven by positive sentiment around the SEI project’s recent developments. However, this bullish momentum encountered resistance, leading to a price pullback to $0.1110 as some traders took profits.Technical analysis shows that the 50-period moving average has provided critical support, indicating a potential continuation of the bullish trend if maintained. The Relative Strength Index (RSI) has fluctuated around the 55 mark, suggesting a balanced market without extreme overbought or oversold conditions. This balance hints at possible consolidation before the next significant price movement.