The currency witnessed $SEI
/USDT has seen a noticeable rise in recent days, reaching $0.3015 (+6.84%), the highest level in over 4 months. This rise comes after a long wave of decline that started at the beginning of the year.
🔹 Key technical indicators:
• An increase of +71% over 90 days.
• A massive trading volume exceeding 3 billion SEI (equivalent to more than $72 million in 24 hours)
• Breaking an important resistance at $0.30, reaching a daily high of $0.3133
• The SAR indicator gives the first signal of a bullish trend reversal in months.
• The MA(5) moving average has crossed above MA(10), paving the way for a golden cross soon.
📊 Previous technical situation:
The currency has been stuck in a Death Cross since January 2025, where the 50-day moving average remained below the 200-day, indicating a long-term downward trend.
⚠️ But now, indicators point to the possibility of the end of this downward trend and the birth of a new upward wave.
📌 Key levels to watch:
• Current resistance: $0.3133
• If it holds above $0.30, we may see a quick test of the $0.35 area.
• Immediate support: $0.27 — breaking it may bring the currency back to $0.24
🎯 Summary:
The current rise is driven by strong momentum and high trading volume, supporting the hypothesis of an upward reversal, provided that current support levels are maintained and a break above $0.30 is confirmed as a strong support level.
#SEI #Technical_Analysis #Altcoins #CryptoAnalysis #Darar_Al-Hadari