#اخبار_الكريبتو_العاجلة #عملات_رقمية #اقتصاد_رقمي #wct $SEI
ا$XRP
SEI stock dropped by more than 5%, trading at around 0.21 USD.
Daily trading volume increased by more than 11%.
The cryptocurrency market has witnessed a sharp decline in asset values, decreasing by more than 3.41%. If downward pressure intensifies, prices will see further losses, returning to their recent lows. Most cryptocurrencies are trading lower, including Bitcoin and Ethereum. Following this, the SEI coin registered a decline of over 5.3% in the past 24 hours.
In the early hours of trading, the asset was traded at its highest level of $0.2392, and with this pullback, the price of SEI dropped to a low of $0.2125. According to CoinMarketCap data, at the time of writing this report, SEI was trading at around $0.2155, with a market cap of $1.3 billion. Furthermore, the daily trading volume increased by more than 11.22%, reaching $224.2 million.
Additionally, the daily chart shows that SEI stock has been in a long-term downward trend, with a descending trend line connecting its major peaks. Each time the price attempts to rise, it faces resistance and retreats. Currently, SEI stock is beneath a significant trend line. Any strong rise could trigger a strong breakout above this descending trend line.
Will SEI stock find support nearby?
The Moving Average Convergence Divergence (MACD) line and the signal line for SEI stock are below the zero line, indicating a downward trend. The current momentum of the stock is weak, and the market is under bearish pressure. Additionally, the Chaikin Money Flow (CMF) index stabilizes at a level of 0.13 points, indicating moderate buying pressure in the market. With this positive value, money is flowing into the stock, giving a cautious upward direction.
It is worth noting that the reading of the bullish/bearish pressure index (BBP) at -0.0177 indicates slight bearish pressure. Since the value is close to zero, the market is somewhat negative, but the downward trend is not very strong yet. The daily Relative Strength Index (RSI) for SEI, currently at 37.17, indicates that the market is slightly oversold into the neutral zone. Selling pressure is currently stronger than buying pressure.
If the bearish SEI indicators gain more momentum, the price may slide towards a support range of around $0.2148. Continued downward correction could lead to the formation of a death cross pattern, pushing the price below the $0.2140 area. Assuming SEI bulls take control, the price may find nearby resistance at $0.2162. Further upward correction could lead to the formation of a golden cross pattern, likely pushing the price to $0.2170 or higher.