SEI demonstrates resilience and growth potential amid a temporary pullback in other altcoins.
Currently, the price is attempting to break through the horizontal resistance at $0.2165, and in addition, it is trading above the POC level of $0.1998.
*POC (Point of Control) is the level where the highest number of trades by volume occurred; holding above it is considered a bullish signal.
Personally, I expect continued growth to $0.2433 - $0.2924 if the positive momentum continues. We will definitely reach these targets on the spot.
The forecast also depends on Bitcoin's movement: if BTC exceeds $96,000 - $97,000, it could push the entire market up, including SEI.
In the range of $0.2550 - $0.2950, I will also consider opening a short position.
