SEIUSDT continues the recent upward trend today, with the price maintaining above key support levels. According to the latest data, SEI's current trading price is approximately $0.3385, with a 24-hour increase of 4.88%, and a market cap of approximately $104 million. Market sentiment is leaning towards optimism, with technical indicators showing bulls still in control.
Key price levels.
Support level:
Short-term support: $0.3000 (psychological level).
Medium-term support: $0.2740-$0.2800 area (recent breakout level).
Strong support: $0.2500-$0.2600 (near 50EMA).
Resistance level:
Recent resistance: $0.3500 (key psychological resistance).
Medium-term resistance: $0.4000-$0.4500 (previous high point area).
Long-term target: $0.6000-$0.7000 (if it breaks above $0.4500).
Technical indicator analysis.
Trend structure:
Price has confirmed a breakout from the descending wedge and head-and-shoulders pattern, with strong momentum after breaking the neckline.
The 4-hour chart shows the price stabilizing above all EMA moving averages, forming a bullish arrangement.
Momentum indicators:
RSI(14) is around 65, not yet in the overbought zone, indicating that there is still room for upward movement.
Stochastic RSI forms a bullish crossover in the overbought region, supporting further upward movement.
Volume analysis:
The breakout accompanied by increased trading volume verifies the reliability of the upward trend.
24-hour trading volume of approximately 230.52M SEI ($63.61M USDT), with good market liquidity.
Market structure:
POC (Point of Control) is at $0.1697, far below the current price, indicating a bullish market structure.
Price maintains above the 50-day moving average, with a medium-term upward trend.
Trading strategy recommendations.
Bullish strategy:
Ideal entry point: $0.3000-$0.3200 support area.
Breakout confirmation signal: Consider adding positions if it stabilizes above $0.3500.
Target price level:
Short-term: $0.4000-$0.450035
Medium-term: $0.60002
Long-term: $0.7000+.
Risk management:
Stop-loss advice set below $0.2640.
Partial profit-taking can be done at key resistance levels like $0.3500 and $0.4000.
If it falls below the $0.2740 support, it may pull back to the $0.2500-$0.2600 area.
Market sentiment and future outlook.
The current SEI market shows the following characteristics:
Strong technicals: Multiple key patterns confirm trend reversal.
Signs of capital inflow: Block trades indicate active buying, with support levels gradually rising.
Fundamental support: SEI network's high performance (15,000 TPS) attracts market attention.
Potential risks:
If it cannot break through the $0.3500 resistance, a short-term pullback may occur.
Overall cryptocurrency market volatility may affect SEI's trend.
Be cautious of potential profit-taking pressure at key resistance levels.
Summary.
SEIUSDT maintains a bullish structure today, with both technicals and capital flow supporting further upside. Traders are advised to focus on the key breakout level of $0.3500; if it successfully stabilizes, it will open up greater upside potential. Short-term traders may consider positioning at support levels, while medium to long-term investors can wait for breakout confirmation to build positions in batches.