Crypto analyst Ali (@ali_charts) indicates that the SEI token may be on the verge of significant growth, based on its current price pattern mirroring that of SUI in the past.
Price Movement Patterns of SEI and SUI
Ali pointed out that SEI's current price movement mirrors that of SUI before its significant bull run last year. The chart shows that SUI underwent deep consolidation before a sharp rise from around $0.28 to over $5.
Current Price Zone of SEI
Ali noted that SEI is currently trading just above the 0.236 Fibonacci level, around $0.28, similar to where SUI was before its surge. If SEI follows this pattern, it may break resistance levels at $0.38, $0.49, and $0.68.
SEI Prospects for Traders
The analyst suggests that SEI could follow SUI's path through levels like $1.05, $1.83, and potentially above $3.65. These are significant targets that could lead to the anticipated $4 level. Despite the recent drop in SEI's price, Ali believes this could be the last dip before a strong reversal.
Given the current trends, SEI may offer traders substantial growth opportunities. Comparisons to SUI's past successes highlight potential upward trends that may emerge in the near future.
