A brief discussion about SEI: SEI coin surged 45 points in half a day! Is it peaking or a good buy?
$SEI It is a public chain designed specifically for high-frequency trading. It benchmarks against SOL but emphasizes speed and low fees.
Current price 0.27, surged 45 points in half an hour, trading volume of 2.2 billion indicates capital movement.
On-chain daily active addresses 616,000, daily transactions 1.5 million, data popularity crushes most small public chains.
Hug the thigh of USDC issuer Circle, planning to push a stablecoin payment ecosystem. The number of GameFi wallets is inflated, beware of a crash.
Short-term view: oversold rebound. MACD downtrend slows, RSI rebounds after being oversold. If it stabilizes at 0.28, could target the 0.33 resistance level.
Mid-term life and death depend on the ecosystem. The landing of stablecoins and game retention are critical. Be cautious of speculative fund withdrawals before good news is released.
Long-term competition in public chain is intense. Technology must not lag, and the ecosystem must generate revenue to have a chance; otherwise, it will become a zombie chain.
Holders, maintain if it doesn't break 0.28. Reduce position at 0.32 to avoid losses (remember to set stop-loss at 0.26).
If you want to get in, wait for 0.28 to stabilize for a while.
Remember the rule of altcoins: laugh at a 10% rise, but if it drops 30%, your mother won't recognize you. Run fast to survive.
Speculative funds ramping up is the prelude to slaughtering pigs. Don't mistake it for love.




Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.