SEI price has seen a notable decline recently, but analysts predict a possible recovery. This overview will cover current situations and chart analyses.
Current SEI Price Dynamics
The price of SEI has dropped from the $0.34–$0.35 range to approximately $0.31. Currently, SEI is trading around $0.318–$0.320, attempting to regain some lost ground.
SEI Chart Analysis
The hourly SEI chart shows a sharp price drop followed by sideways trading. Analyst Ali noted that the formation of a buy signal could indicate the end of the pullback. He also highlighted a bullish divergence between price and the Relative Strength Index (RSI), indicating potential selling pressure may be easing.
Short-Term Trading Prospects for SEI
If the bullish divergence holds and the buy signal materializes, SEI price could reclaim $0.34 in upcoming sessions. However, a drop below $0.31 would weaken the setup and may invite another round of selling.
In the current conditions, charts indicate that buyers have a slight short-term advantage. This may signify the beginning of a new recovery phase for SEI.
