Key Takeaways
- SEI has reclaimed the psychological barrier of $0.30, paving the way for a potential recovery.
- This positive performance comes despite Bitcoin and other major cryptocurrencies experiencing downturns.
SEI Rises as BTC and Others Falter
SEI, the 47th largest cryptocurrency by market capitalization, has emerged as one of the top performers among the top 100 in the last 24 hours. The token has increased by 5% during this timeframe, managing to surpass the $0.30 mark.
This encouraging trend occurs amidst losses experienced by Bitcoin, Ether, XRP, and several other major cryptocurrencies. Bitcoin has failed to sustain its previous momentum and appears poised to dip below $106,000 soon.
SEI’s surge follows a remarkable 80% increase in value the previous week. With bullish sentiment still dominating, the token could soon resume its upward rally and establish a new six-month high.
SEI Could Reach $0.430
The 4-hour chart for the SEI/USD pair shows a bullish pattern, indicating a positive bias for the cryptocurrency. This efficiency suggests that the market has swept liquidity to the downside and may likely recover in the short term.
The pair boasts an RSI of 60, indicating that SEI is currently experiencing buying pressure from investors. Meanwhile, the MACD lines have moved into positive territory, indicating a value of 0.0108, further suggesting that buyers are in control.
With the bullish trend resuming, SEI aims to target the first major resistance level at $0.3516. A sustained recovery could see SEI reach $0.430 for the first time since January 2025. However, this rally will likely depend on the broader cryptocurrency market and Bitcoin’s price movements.
There remains a possibility for a bearish market shift. Any downward price action could lead SEI to retest its low at $0.24. A prolonged downturn might push SEI toward transaction liquidity (TLQ) around $0.19, although bulls have robustly defended this level in recent weeks.
Meet William, a proud Bethel University alumnus with a fervent passion for lifestyle and culture topics. His keen interest doesn’t stop there; he’s also deeply engrossed in current events of all kinds. William dedicates himself wholeheartedly to this site, thriving on the collaborative energy he shares with Suzanne, his long-standing partner in crime.
Having navigated their university courses side by side for years, their teamwork on the site is nothing short of dynamic. Together, they bring a unique blend of insights, proving that two heads are indeed better than one in delivering compelling content.
