Sei Price Prediction: SEI Tops Gainers With 23% Pump As Traders Turn To Crypto All-Stars And Its 930% APY
The Sei price soared 23% in the last 24 hours to trade at $0.4645 as of 03:55 a.m. EST on trading volume that skyrocketed 239% to $579 million.
The pump made SEI the top gainer among the biggest cryptos by market capitalization, according to CoinMarketCap.
Sei Price Could Continue Soaring
The Sei price has experienced significant pressure from the bulls and bears since August, as it formed a double bottom pattern, with the bulls struggling to push the price of Sei above the $0.32 resistance, according to data from GeckoTerminal .
SEI has finally soared above the resistance, with the token now on a sustained bullish stance.
The price of Sei eventually crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), supporting the asset’s current bullish outlook.
Moreover, the Relative Strength Index (RSI) is also soaring above the 70-overbought region, currently at 82, indicating that the asset is under intense buying pressure, with the asset being overvalued.
Meanwhile, the Moving Average Convergence Divergence (MACD) also encourages the bulls to buy more, soaring past the neutral line. The green bars on the histogram are also beginning to form above the zero line, indicating that SEI is currently on positive momentum.
If this momentum continues, the Sei price could surge even more, as the bulls target $0.5537.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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