$SEI General Trend: The H1 chart shows an ascending triangle pattern, with horizontal resistance around 0.318 USD and an upward support line. This indicates increasing buying pressure, which could lead to a price breakout if it surpasses resistance.
Support around 0.246 (fibonacci 0.618) and approximately 0.225 USD, where the price has bounced multiple times.
Resistance: Around 0.318 USD, which is the price level that needs to be broken to confirm the upward trend.
The EMA (Exponential Moving Average) is showing a slight upward trend, with the price above the EMA, supporting the potential for price increase.
Trading volume is gradually decreasing as the price approaches resistance, which may signal accumulation before a breakout.Forecast: If the price breaks above 0.318 USD with high volume, the next target could be 0.350 USD or higher. Conversely, if the price fails to hold the support at 0.2460, it may drop to 0.225 USD.
