🔴SEI/USDT🔴

✔️ Like the crypto markets in general, $SEI is in a correction process after its rise in the past weeks and is currently in a falling trend. When we examine the SEI chart on a 4-hour time period, the RSI indicator shows us that SEI has been in the oversold zone lately and is currently on the border of this zone.

✔️ The price is currently in an area that can serve as support, but when we look at past price movements, we can see that the most important support level is $0.64. The RSI, volume, the price's proximity to a level that can serve as the main support, and the short liquidations that remain above as a result of the price falling by 40% from the peak area indicate to us that the falling trend we observe in SEI may reverse in the near future. If the price wants to go up from these areas, it will first want to break the falling trend resistance, and if it is successful in this, I expect the price to make targeted increases in short liquidations around the resistance areas. If the price wants to fall even lower from here, as I mentioned, our first main support levels seem to be $0.64.

✔️ BTC and TOTAL charts will help us predict SEI's price movements in the coming days. The uncertainty of the markets in recent days and the rise in the Bitcoin Dominance (BTC.D) chart may indicate that the local bottoms of the #Altcoin market have not yet been formed. The course of the #TOTAL2 and #TOTAL3 charts is very important to us for our SEI and other Altcoin investments, so risk management and gradual buying should always be on our minds!

❗️ What I write here is my own opinion and is not investment advice #dyor