#اخبار_الكريبتو_العاجلة #عملات_رقمية #اقتصاد_رقمي #wct $SOL
SEI stock is currently trading at around $0.13.
Daily trading volume has decreased by more than 39%.
A slight increase has led to a wave of recovery in the cryptocurrency market, amid ongoing concerns within the market. The question being asked is: Will this recovery continue to achieve more gains? The market fluctuations are extremely sharp. Charts show that most cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), are recording gains.
As for alternative cryptocurrencies, SEI recorded a loss exceeding 3.22% over the past 24 hours. The currency opened trading at a level of $0.1372, and after sellers took control of the market, its price dropped to a low of $0.1296. If this downward trend continues, it may be difficult to regain momentum.
According to CoinMarketCap data, the price of SEI at the time of this report was trading around $0.1335. Additionally, the market capitalization stabilized at $837.99 million, with the daily trading volume of the asset declining by more than 39.63%, reaching a level of $143.71 million.
Will the sellers dominate the market?
The MACD line for the SEI indicator, located just below the zero line, indicates bearish momentum. As the signal line is above the zero line, this may indicate the beginning of a retreat from the downward trend, which could increase buyer interest. Additionally, the Chaikin Money Flow (CMF) indicator stabilized at -0.08, suggesting slight selling pressure in the market, leaning towards a decline. The negative value indicates money leaving the asset and weak demand for it.
SEI chart (Source: TradingView)
The daily Relative Strength Index (RSI) for SEI stock indicates a value of 47.42, placing it in neutral territory. The stock shows weak momentum, but it is not strong enough to indicate an extraordinary condition. As the market is balanced, there is no dominance from either buyers or sellers. Furthermore, the Bull-Bear Power (BBP) reading for the stock, which stands at -0.0035, is considered slightly negative, close to zero. With a slight advantage for sellers, the current pressure is extremely weak.
With the continued downward trend, the price of SEI could fall to a support level near $0.1328. Any further downward correction could lead to a death cross, pushing the price below $0.1320. Assuming a bullish recovery, the price may rise to a resistance level of around $0.1342. Extended upward pressure may form a golden cross, pushing the price of SEI above $0.1350.$SEI
