$SEI /USDT 1 Hour: Testing Patience Here! 🤔

Hello friends! 👋 Let's take a look at SEI/USDT on the 1-hour timeframe. It's getting exciting, the price is testing an important area after yesterday's "drama" drop.

Important Points:

- SEI is rebounding after a drastic drop, but now it's facing a strong resistance area (that's the red areas on the chart, folks!).

- Buying volume is quite decent during this retrace, but the selling volume when it dropped yesterday was also really high!

- RSI is quite high (approaching overbought), meaning the upward momentum is really strong. But be careful, it could be a sign that it needs a break! 😴

Optimistic View:

If SEI can "break through" that resistance area and hold above it, there is potential for it to rise again. Hope it stays strong! 💪

Cautious View:

But if it gets rejected outright from that resistance area, SEI could turn back down again. So, prepare a backup strategy!

Conclusion:

SEI/USDT on this 1-hour chart is at a crucial moment. Pay close attention to the price reaction in the resistance area of $0.29 - $0.30 USDT! Don’t rush to make decisions.

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