After months of consolidation, SEI finally broke through and had a significant increase in the previous week.
The analytics company anticipated that the SEI's climb might continue and attributed this surge to heightened whale buying pressure, open interest, and volume. A 48.3% increase in total open interest and a 155% increase in exchange volume suggest that big investors are actively pursuing long positions.
A bullish reversal is confirmed by the Buy/Sell Pressure Delta data, Alphractal reiterated. The SEI charts, according to Alprachtal, show a distinct bullish reversal pattern with several green flashing buy indications.