The SEIUSDT market has experienced a significant price increase today. The price of the token increased by more than 7.16% today. This has occurred as a continuation of the previous price increases in the prior session. As a result, the market has broken out of a medium-term consolidation within a price range. Let’s see what more the market has in store.
Sei Statistics:
Current SEI Price: $0.4536
Sei Market Cap: $1,617,729,083
Circulating Supply of SEI: 3,524,861,111
Sei Total Supply: 10,000,000,000
SEI CoinMarketCap Rank: 52
Price activity in the SEI market has been trending upward, as noted above. Price action first broke through the resistance at $0.3534, then continued through technical resistance at the $0.4000 price level. As a result, the coin now trades above the upper limit of the Bollinger Bands indicator.
Additionally, the Stochastic Relative Strength Index (Stochastic RSI) lines have performed an upside crossover above the 80 mark of the indicator, signaling that subsequent sessions may continue toward higher price levels.
The SEI Market Stays Afloat Despite Rejection
Price activity in the SEIUSDT 4-hour market has revealed a clash between upward and downward forces. This has led to a stand-off. The impact of the downward forces has been felt as prices contracted slightly. However, the token continues to trade outside the upper limit of the Bollinger Bands.
The last price candle, corresponding to the latest 4-hour session, appeared red but remained outside the upper limit of the Bollinger Bands. The Stochastic RSI generally trends upwards but reflects the recent downward price deflection. At this point, traders may want to keep crypto signals targeting the $0.5000 threshold unchanged, as upward momentum still holds a chance.
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