SEI/USDT Prints Minimal Gains

The SEI/USDT market has experienced an additional price increase of 3.98%, which has helped push the token above significant price levels. Notably, as of the time of writing, the coin has recorded a total price gain of 3.93%. A more detailed price analysis is provided below.

SEI Statistics

• Current Price: $0.1854
• Market Capitalization: $1.02B
• Circulating Supply: 5.55B SEI
• Total Supply: 10B SEI
• CoinMarketCap Rank: 67

Key Price Levels

• Resistance: $0.1900, $0.2000, $0.2200
• Support: $0.1800, $0.1600, $0.1400

Sei May Bounce Higher

The SEI/USDT market has recently witnessed another upward price rebound. Among the most notable rebounds are those at the $0.1350 and $0.1836 levels. The most recent rebound occurred at the $0.1636 level. As a result, the current price candle stands above the 9-day Exponential Moving Average (EMA) line. This candle is green, signaling bullish momentum.

Meanwhile, the Moving Average Convergence Divergence (MACD) lines have just formed a bullish crossover below the equilibrium level. This suggests that the market may still have the potential to continue its upward trend.

The SEI Market Looks Ready to Maintain Short-Term Gains

Trading activity in the SEI market continues to occur above the 9-day EMA line. The current price candle remains above the $0.1800 support level, with the token trading at approximately $0.1850.

Additionally, the MACD lead line has recently crossed above the equilibrium level, and the histogram bars appear green above that level. Based on these indicators, the SEI token appears to have the potential to continue growing toward the $0.2000 resistance level.

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