The price of SEI has sharply increased by 30% in the last 24 hours, surpassing the 200-day moving average level. We discuss the market changes and possible next steps.
Significant Price Increase of SEI
SEI is showing strong bullish signals on various technical indicators, having surged in the last 24 hours to around $0.2639 after months of sideways movement.
Market Sentiment Shift
The recent change of the Supertrend indicator to green signals a positive shift in momentum. This turnaround is possible as the price held significant support at around $0.17-$0.20, forming a strong base for the current rally.
Growth Prospects for SEI
Supporting indicators like RSI and MACD confirm a positive market sentiment. If the price remains above the 200-day EMA, it may lead to the next significant rally towards the $0.35-$0.40 range, potentially offering a 30%-50% profit from current levels.
The recent shifts in SEI’s dynamics provide grounds for optimism. Monitoring key technical indicators may suggest potential growth.
