$SEI found support around the daily level at $0.254 earlier this week, on Tuesday, and surged more than 17% in the following two days.
This daily support level approximately coincides with the 200-day Exponential Moving Average (EMA) at $0.264, making it a key support zone. At the time this news was written on Friday, the price continued to trade higher at $0.329.
If SEI maintains its upward trend and closes above the weekly resistance at $0.348 on a daily basis, it could continue its rally towards the 50% Fibonacci retracement level at $0.433, drawn from the December 2024 high of $0.737
