Today, SEI is so amazing, is it cheating?
What is the reason?
SEI has risen by 23.7% today, and the price has soared to $0.4566.
SEI is the currency with the largest increase, with a price increase of 25% in the past 24 hours. The trading price of this altcoin is at its highest level since March.
However, the current RSI reading of SEI shows that the market is overheated. The RSI of this altcoin is now 75.46, firmly in the overbought area. In this case, buyers are easily tired and the possibility of price reversal is very high.
It came out at about the same time as Sui and Apt, both are Layer1 public chains, and are considered powerful among the new generation of projects. Among those VC (venture capital) projects, the sei team is one of the few that really do practical things and have some real skills.
If SEI reverses the current trend, the price may fall to $0.20.
