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The SEIUSDT market has been experiencing moderate gains recently. However, upward movement has been somewhat limited and unable to make significant progress. Today’s price increase in the Sei market has been noticeable but not exceptional. Nevertheless, let’s take a deeper look for a clearer view of the situation.
SEI Statistics:
Current Sei Price: $0.2990
SEI Market Cap: $979,373,038
Sei Circulating Supply: 3,300,000,000
Sei Total Supply: 10,000,000,000
SEI CoinMarketCap Rank: 64
SEI Price Action Hovers Between $0.2432 and $0.3534
Today’s trading activity has recorded a 6.16% price increase in the SEIUSDT market. Although this gain is noticeable, it hasn’t yet solidified a convincing upward trend. The latest price candle is rising through the intertwined Guppy Multiple Moving Average (GMMA) lines, with just two of the indicator lines above it.
Meanwhile, the Stochastic Relative Strength Index (Stochastic RSI) curves are rising past the 80 mark. However, its movement suggests that upward forces are facing challenges and aren’t progressing smoothly.
Sei Upside Retracement Looks Viable
Price action in the SEIUSDT 4-hour market presents a more promising outlook compared to the daily chart. The price now stands above all the GMMA lines, positioning the market to challenge the psychological resistance at the $0.3000 mark.
Meanwhile, the Stochastic RSI lines show a smooth upward trajectory, indicating that upward momentum may push price action past the $0.3000 level and toward the $0.3500 mark. As a result, more traders may target short-term gains by using crypto signals aimed at the latter price level.
