The SEI/USDT chart shows a descending wedge pattern, which often signals a potential upward trend. Indicators like the RSI and stochastic are moving up, showing stronger buying activity. In the short term, the price is stabilizing with slight bearish movements, but the long-term outlook looks positive. If the price breaks out of the wedge, it could reach the resistance level around $0.48. However, it’s important to watch the trading volume and support level at $0.40 to confirm the trend. SEI/USDT is currently bearish in the short term but has a bullish outlook for the longer term.
The TOTAL3 chart, which tracks the market cap without Bitcoin and Ethereum, shows a bullish flag pattern. This is usually a sign that the market might continue moving up. The RSI is rising, showing growing momentum, and the stochastic oscillator suggests a possible upward reversal. After a healthy period of price stabilization, the chart hints at a breakout, which is good news for altcoins. The longer-term target is $1.42T, showing optimism for altcoins. In the short term, there might be small dips, but the overall outlook is positive for altcoins, including smaller coins like SEI/USDT.
$SEI Also, even if you want to buy at the bottom, don’t buy long, just short, because sei0.73 is basically the highest point of this bull market. As I said, even if it rebounds later, it won’t reach that level. I suggest you buy some ETH. By the way, my long position in ETH has also been hurt in this wave😂