- SEI had a strongly bullish outlook on the higher timeframe charts.
- The prices could continue bouncing between $0.6-$0.75 to shake out over-eager bulls.
Sei [SEI] rallied 298.9% from its low on the 18th of December to a peak on the 3rd of January. Since then, the price has retreated to the $0.6 demand zone. The bulls continued to have the upper hand, and demand for the token was strong.
The market sentiment continued to be bullish despite the short-term volatility. Two key areas of support and resistance were marked on the one-day chart of SEI. The bulls are likely to drive prices to $1 and beyond in the coming weeks.
The SEI price action chart showed buyers have been untiring
Source: SEI/USDT on TradingView
The market structure on the one-day chart was firmly bullish. The most recent higher low was set at $0.55 on the 3rd of January.
The selling pressure on that day saw prices retreat to a zone of demand at $0.55 (cyan box) which had been a short-term consolidation zone on the 31st of December.
At press time, SEI was trading at $0.7305. The $0.6745 and $0.63 have been significant in the past week. A retest of these levels would likely produce a bounce in prices. The RSI was bullish with a reading of 61 and agreed with the technical structure.
The OBV has been marching northward at an impressive pace since November. However, it has slowed down in the past ten days as the momentum weakened too.
Yet, the lack of intense selling pressure suggested that SEI was consolidating before another push upward.
Source: Coinalyze
Data from Coinalyze pointed to a steady rate of selling in the spot markets. The spot CVD has been in a firm downtrend over the past week as prices remained stuck within the $0.6-$0.75 region.
On the other hand, the Open Interest has moved in tandem with the prices. This suggested that each bounce in prices saw speculators willing to bet on more price gains.
It underlined the possibility that futures market participants still possessed bullish conviction and were ready to jump onto the next rally.
How much are 1, 10, or 100 SEI worth today?
Ironically, this eagerness could see SEI trapped within a range longer to shake out these traders and hunt their stop-loss orders.
The idea of consolidation meant that a move to the $0.67, $0.63, or $0.55 levels would be a buying opportunity. Traders can wait for such a dip to enter positions and exercise proper risk management when sizing their positions.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
- SEI had a strongly bullish outlook on the higher timeframe charts.
- The prices could continue bouncing between $0.6-$0.75 to shake out over-eager bulls.
Sei [SEI] rallied 298.9% from its low on the 18th of December to a peak on the 3rd of January. Since then, the price has retreated to the $0.6 demand zone. The bulls continued to have the upper hand, and demand for the token was strong.
The market sentiment continued to be bullish despite the short-term volatility. Two key areas of support and resistance were marked on the one-day chart of SEI. The bulls are likely to drive prices to $1 and beyond in the coming weeks.
The SEI price action chart showed buyers have been untiring
Source: SEI/USDT on TradingView
The market structure on the one-day chart was firmly bullish. The most recent higher low was set at $0.55 on the 3rd of January.
The selling pressure on that day saw prices retreat to a zone of demand at $0.55 (cyan box) which had been a short-term consolidation zone on the 31st of December.
At press time, SEI was trading at $0.7305. The $0.6745 and $0.63 have been significant in the past week. A retest of these levels would likely produce a bounce in prices. The RSI was bullish with a reading of 61 and agreed with the technical structure.
The OBV has been marching northward at an impressive pace since November. However, it has slowed down in the past ten days as the momentum weakened too.
Yet, the lack of intense selling pressure suggested that SEI was consolidating before another push upward.
Source: Coinalyze
Data from Coinalyze pointed to a steady rate of selling in the spot markets. The spot CVD has been in a firm downtrend over the past week as prices remained stuck within the $0.6-$0.75 region.
On the other hand, the Open Interest has moved in tandem with the prices. This suggested that each bounce in prices saw speculators willing to bet on more price gains.
It underlined the possibility that futures market participants still possessed bullish conviction and were ready to jump onto the next rally.
How much are 1, 10, or 100 SEI worth today?
Ironically, this eagerness could see SEI trapped within a range longer to shake out these traders and hunt their stop-loss orders.
The idea of consolidation meant that a move to the $0.67, $0.63, or $0.55 levels would be a buying opportunity. Traders can wait for such a dip to enter positions and exercise proper risk management when sizing their positions.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
cost clomid without insurance can i order clomid for sale clomid pills at dischem price where can i buy generic clomiphene how to buy clomiphene pill buy cheap clomiphene average cost of clomid
I will right away grasp your rss as I can not find your email subscription hyperlink or newsletter service. Do you have any? Kindly permit me know so that I may just subscribe. Thanks.
This is the kind of post I unearth helpful.
This is the compassionate of literature I rightly appreciate.
buy azithromycin 500mg online – buy tinidazole no prescription buy flagyl 200mg online
motilium online – order flexeril 15mg generic cheap cyclobenzaprine
buy zithromax 500mg generic – azithromycin 250mg over the counter buy nebivolol 20mg generic
amoxiclav order – https://atbioinfo.com/ buy ampicillin no prescription
esomeprazole 20mg pills – anexa mate buy esomeprazole generic
warfarin online buy – https://coumamide.com/ buy losartan 25mg pills
buy generic mobic for sale – https://moboxsin.com/ mobic for sale online
We are a group of volunteers and starting a new scheme in our community. Your site offered us with valuable info to work on. You have done an impressive job and our whole community will be grateful to you.
order deltasone 5mg generic – https://apreplson.com/ deltasone 10mg uk
purchase amoxil sale – combamoxi buy amoxil online
purchase fluconazole online cheap – https://gpdifluca.com/ diflucan online
cenforce 100mg over the counter – cenforce 100mg us cenforce pill
mambo 36 tadalafil 20 mg – https://ciltadgn.com/ cialis for sale in canada
free cialis samples – super cialis generic cialis vs brand cialis reviews
purchase zantac pill – https://aranitidine.com/# ranitidine 150mg generic
best price on viagra 100mg – https://strongvpls.com/# buy viagra in new zealand
More posts like this would add up to the online time more useful. sitio web
This is the type of post I unearth helpful. accutane buy india
The vividness in this piece is exceptional. https://ursxdol.com/sildenafil-50-mg-in/
This is a question which is virtually to my callousness… Numberless thanks! Faithfully where can I lay one’s hands on the connection details for questions? https://prohnrg.com/product/orlistat-pills-di/
Hello.This article was extremely fascinating, especially since I was searching for thoughts on this matter last Friday.
Thanks towards putting this up. It’s well done. https://aranitidine.com/fr/ciagra-professional-20-mg/
Thanks for putting this up. It’s understandably done. https://ondactone.com/product/domperidone/
Thanks for sharing. It’s first quality. what pill is motilium
When I originally commented I clicked the -Notify me when new comments are added- checkbox and now every time a remark is added I get 4 emails with the same comment. Is there any way you can take away me from that service? Thanks!
I dugg some of you post as I cogitated they were extremely helpful invaluable
dapagliflozin 10mg ca – https://janozin.com/ buy generic forxiga