What's Behind the Surge in SEI's Value Today?

SEI has seen a staggering rally of over 100% in the past fortnight, with its price currently resting at 30 cents. The surge has been attributed to a considerable increase in buy volume, pushing the price higher and higher. The current resistance and support levels are at $0.36 and $0.27 respectively.

However, the daily RSI is now above 70 points indicating an overbought market, which suggests buyers may soon tire and a pullback may occur. The last time the SEI buy volume was at this level was in November 2024, with the price also making a higher high. This implies that the rally could continue despite potential pullbacks, especially if the 36-cent resistance level is broken.