Buying Continues in the SEI Market

Bulls in the SEI market have been able to sustain the upward thrust of price action. As a result, the token has experienced an additional price increase of 6.85%. Consequently, price action in this market has continued to rise above important technical levels.

SEI Statistics

Current Price: $0.2062

Market Capitalization: $1.16B

Circulating Supply: 5.55B SEI

Total Supply: 10B SEI

CoinMarketCap Rank: 62

Key Price Levels

Resistance: $0.2100, $0.2500, $0.3000

Support: $0.1900, $0.1700, $0.1500

SEI Keeps Pressing On

The most recent price candle on the SEI/USDT daily chart shows continued upward movement. The last price candle in this chart, corresponding to the ongoing session, is clearly above the 9-day Exponential Moving Average (EMA) line.

The candle remains green, suggesting bullish momentum. Additionally, the Moving Average Convergence Divergence (MACD) lines have delivered an upside crossover below the equilibrium level. The MACD bars remain green and are positioned above the equilibrium level, further confirming the positive outlook for this market.

The SEI Market Sits Above a Psychological Level

On the 4-hour chart, the market is sitting directly at the $0.2000 threshold. The last price candle is green and stands above the 9-day EMA line. The MACD indicator line has risen past the equilibrium level and continues to diverge as it moves higher.

The MACD bars are green and above the 0.00 level, indicating that upside momentum is still strong. As a result, traders can expect further price movement above the $0.2000 level, potentially reaching the $0.2100 price mark.

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