Bullish or bearish? $SEI 👀
We see pretty good strength in #Sei at the bullish level. We're talking about Sei being at 0.24two days ago, but we all know the main support is 0.25 and it had broken through.
But what's happening? Why didn't it continue to drop?
Well, it was a correction, and that's confirmed by the firm rise to 0.26.
Now, another piece of good news is USTD volume increased moderately, but it did increase, and that's important.
But it's still a somewhat slow performance, so if you're going to invest (which I recommend), know that it will be for the medium to long term. It will most likely rise.
So, should I invest or not?
Yes, I recommend it. Sei has demonstrated rapid and concise growth, and its declines aren't as drastic, so it's safe to say that despite the volatility of altcoins, it's semi-stable, at least when it comes to losses.
How high will it go?
I estimate it will rise approximately in the next few days/week, reaching a new support level of 0.28 or 0.29. That's why I recommend that any Sei trades you make today should be medium- to long-term.
But remember, this market is volatile, so I can't guarantee anything. But both last week and this week, we can see that the upward trend is real, and little by little, interest in Sei is rising! This is worth investing in.