SEI/USDT analysis: bullish
SEI is trading at $0.2159, up 4.81% in the last 24 hours, showing strong bullish momentum. After bottoming out at $0.1301, SEI has been steadily climbing, forming higher highs and higher lows.
Key technical highlights:
SEI is currently trading above all major EMAs (7, 25, 99, and 200), with EMA(7) at $0.2140 and EMA(25) at $0.2062, reflecting a short-term bullish trend.
SEI recently broke above a local resistance near $0.2060, with the next resistance at $0.2226. A successful breakout above this could open the path to $0.2270+.
RSI (6) is at 59.59, indicating bullish strength while still leaving room for further upward movement.
MACD shows a positive crossover with MACD at 0.0009 and histogram turning green, signaling a shift toward upward momentum.
Strategy outlook:
Bullish bias as long as price holds above $0.2060 (EMA 25). A clean break above $0.2226 could trigger a run toward $0.23+. Watch for potential support at $0.1865 if price retraces.
Not financial advice. Do your own research before trading.
