#SEI #SeiNetwork #Layer1 #EVM #BinanceFutureTrading
📌 Market situation
Current price: $0.2462
24h volatility: +5.78%
Market cap: $1.27 billion
24h trading volume: $158.48 million
Circulating supply: 5.11 billion SEI
All-time high: $1.14 (03/16/2024)
🔍 Technical analysis
SEI has surpassed the resistance zone of $0.24 and is now heading towards the $0.30 mark – the next important resistance level. Trading volume has increased by 35% in the past 24 hours, indicating strong buying pressure. The nearest support level is $0.18, which acts as a potential buying zone if the price corrects.
⚙️ Recommended trading strategy
Buying zone: $0.23 – $0.25
Stop-loss: $0.21
Take profit 1 (TP1): $0.275
Take profit 2 (TP2): $0.30
Expansion scenario: If SEI closes the weekly candle above $0.30, it may hold the position until $0.35
🧭 Notable events
Transitioning to EVM: SEI proposes to remove Cosmos support to fully focus on Ethereum, aiming to simplify the system and attract more developers.
TVL growth: The total value locked (TVL) of SEI has reached an all-time high, driven by expectations of ETFs and the upcoming GIGA upgrade.
🔗 Trade now