As of January 27, 2025, #SEI/USDT i (SEI) is trading at approximately $0.3392.
On the 1-hour chart, SEI is testing a resistance area around $0.26, which has been tested multiple times, indicating it as a key zone to watch. Significant support lies around $0.22, which has also been tested several times in recent days. Volume analysis shows increased trading activity as the price approaches the resistance area, indicating rising buying pressure. The 200-period Moving Average (MA) on the 1-hour chart is at $0.28, currently acting as dynamic resistance. The Relative Strength Index (RSI) is at 62.23, indicating neutral momentum with a slight bullish bias. The MACD indicator shows the MACD line at 0.0043, above the signal line at 0.0003, and the histogram at 0.0040, suggesting a potential bullish trend.
In a bullish scenario, if SEI/USDT breaks above the resistance at $0.26 with strong volume, the next target would be the resistance areas around $0.30 and $0.35. Conversely, if the price fails to break the resistance and the support at $0.22 is breached, it could revisit lower support levels around $0.20 and $0.18.
Please note that cryptocurrency markets are highly volatile. It's essential to use multiple indicators and consider broader market trends when making trading decisions.