##sei
$SEI Examining the SEI Price: Is It Possible for Sei Network to Set a New Record High Following a Trade Volume Surge?
Currently, SEI is trading at $0.77 on the market, reflecting a 24-hour move of -3.66%, as price action pushes higher from double-bottomed support.
The rebound advance is now testing resistance just below the previous all-time high at $0.88, thanks to double-bottomed support that established above lower support at $0.675.
The rise of the rising 20-day moving average (DMA), which is now at $0.68, has provided further support.
Research on the SEI Market, the SEI Network, and the SEI Price Forecast The MACD is showing signs of increasing convergence, suggesting a breakout move from the bullish pendant pattern is gaining steam. The MACD is expected to become bullish soon, however there is now some negative divergence of -00.063.
around the same time, the relative strength index (RSI) has not been able to cool down much, staying around 63.75, a negative indication, despite a lengthy consolidation over the previous 9 days.
There is a conflicting signal between strong technical form and important indicators, which might indicate that consolidation movements on the short- term frame will continue, as price pushes higher into the trading channel.
Analysis of SEI prices, SEI networks, and predictions of SEI prices
Above its current all-time high of $0.90 (a potential +14.03% increase), the SEI price is confronted with an upward objective.
The negative risk, however, is that the price of SEI might go as low as $0.675, representing a possible 14.58% decline.
With a risk-to-reward ratio of 0.97, SEI network is in a poor position to enter the market, as momentum will stop due to resistance.
is confronted with an upward objective.
The negative risk, however, is that the price of SEI might go as low as $0.675, representing a possible 14.58% decline.
With a risk-to-reward ratio of 0.97, SEI network is in a poor position to enter the market, as momentum will stop due to resistance.
