$SEI Flashes a Strong Buy Signal!
SEI is showing bullish momentum as the SuperTrend indicator flips green right at the channel’s lower boundary — hinting at a potential rally toward $0.54. While the broader crypto market climbed 1.58% in the last 24 hours, SEI rose by 1.22%, recovering from a 6% weekly drop. This bounce appears to be driven by a mix of technical factors and ecosystem developments.
Network Momentum: Binance has resumed SEI deposits and withdrawals post-upgrade, enhancing on-chain liquidity.
Regulatory Tailwinds: The SEC's clarified stance on staking is boosting DeFi sentiment, reinforcing SEI’s appeal to institutions.
Chart Recovery: SEI rebounded near the $0.265 support zone, with an RSI of 44.91 suggesting it’s bouncing back from oversold levels.