Some Thoughts on $SEI Price Predictions!

In February 2024, the price of SEI is expected to be quite bullish, with a potential to reach $1.00 or even higher. Technical analysis shows that the coin has been consolidating and breaking higher, with a strong support at the $0.10 level and a target of $1.20.

The $SEI/BTC pair has also been ranging and breaking out again, with a next stop at $1.20, which would be a +1000% increase since the entry point. The $SEI chart looks great and is reclaiming the cloud, bouncing off the daily GMMA as $BTC reclaims $48k definitively, with a $1 target resuming.

However, the coin might face some resistance at the $0.85 area, which could trigger a 32% drop to the closest support at $0.60. In case of rejection from the $0.85 area, a correction on the way to the $1.20 target is possible.

In conclusion, SEI is showing a strong bullish trend with a potential to reach $1.00 or even higher in February 2024, but there might be some corrections and resistance along the way.

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$SEI