SEIUSDT Sees an Extension of Its Moderate Upside Correction

Price movement in the SEIUSDT daily market has continued in an upward direction. The previous session posted a moderate upside correction, while today’s trading has produced an additional extension to that move. Additionally, price action is advancing through some important technical indicator regions, which warrants closer examination.

Sei Statistics:
Current SEI Price: $0.4129
SEI Market Cap: $1.30 billion
Sei Circulating Supply: 3.18 billion
SEI Total Supply: 10 billion
SEI CoinMarketCap Rank: 67

Key Price Levels:
Resistance: $0.4500, $0.5000, and $0.5500
Support: $0.4000, $0.3500, and $0.3000

Sei Sustains Above the $0.3500 Mark

Price activity in the SEIUSDT daily market saw an upside rebound off the support at $0.2432. Since then, the market has been upward, making subsequent higher highs. The ongoing session has found support at the 50-day Exponential Moving Average (EMA) lines.

Additionally, while the Stochastic Relative Strength Index (SRSI) curves are still in the overbought region, the indicator line has delivered a new upside crossover. The price candle corresponding to the ongoing session hints that price action has encountered some headwinds, as indicated by the appearance of its upper shadow. Nevertheless, considering the majority of indications in this market, traders might want to stay bullish by using crypto signals targeting higher price levels.

SEIUSDT Buyers Are Showing Resilience

The Sei 4-hour market further reveals that buyers are still mounting upside pressure. Initially, it could be seen that price activity has surpassed all the EMA curves on this price chart. Since then, every price candle that has appeared has been bullish.

The SRSI indicator line has reached the overbought region, merged, and is now trending sideways at the 100 mark. Technically, it seems that the market is already targeting the $0.4500 price level.

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