$SEI The technical outlook for $SEI is bullish, with the following key points:
- *Current Price*: $0.2131 (+7.13%)
- *Pattern*: Broke out of a descending wedge on the daily chart, a typically bullish reversal signal
- *Key Resistance*: Just under the 100-day MA, a breakout above this could confirm further upside
- *Potential Upside Targets*:
- *Target 1*: $0.285, prior horizontal resistance
- *Target 2*: $0.335, intermediate resistance on longer timeframes
- *Target 3*: $0.430, major structure level
- *Target 4*: $0.550, bullish extension/fib level
The recent price surge of +8.17% to $0.2156 indicates strong momentum. A breakout above the 100-day MA could lead to further gains, with potential targets outlined above. Keep an eye on market trends and adjust your strategy accordingly.