The cryptocurrency SEI is gaining attention once again after a period of choppy trading. Analysts suggest it could rise to $0.30.
Current Situation in the SEI Market
Currently, SEI is trading around $0.20. Earlier this month, it dipped to $0.17 but quickly bounced back. An increase in trading volume suggests renewed interest from traders.
Analyst Predictions
Analyst Michaël van de Poppe noted that if SEI holds above a key support level at $0.1850, there’s a good chance it may rise to $0.30, matching its previous high in May.
Fundamental Factors and Opportunities
SEI is known for its fast transaction speeds and low fees, which could attract developers over time. If the project continues to grow and new use cases emerge, the fundamentals might begin to reflect on the chart.
The situation in the SEI market remains uncertain. Holding above $0.1850 could lead to a bullish scenario, while falling below it risks continuing the downtrend.
