$SEI Technical Analysis.
Sei currently consolidating below resistance price, a breakout from this resistance zone could lead the price of Sei above 0.4$.
#SEI is up 9% at press time on Tuesday, extending its impressive 22% gain from Monday. The ongoing recovery has now pushed the price above the 200-day Exponential Moving Average (EMA) at $0.2609, with a second consecutive bullish candle forming.
Currently, SEI is targeting $0.2732, which was the high from May. A breakout above this level would mark a new 60-day high and signal strong bullish momentum.
Looking further ahead, $0.2923 — the highest price since February — stands as the next major resistance. A clean move above $0.2923 could open the door for a rally toward $0.3642, a key level last tested on January 21.
The Relative Strength Index (RSI) sits at 70, showing a surge in buying interest as it enters the overbought zone. While momentum favors the bulls, caution is advised, as overbought conditions can increase the risk of a short-term pullback.
