The SEI token is demonstrating significant success in the market by breaking resistance levels and increasing trading volume. This article examines SEI's recent achievements.
Breakout of Resistance Level
The SEI token increased by 9.72%, reaching $0.2219, and successfully broke through the key resistance point of $0.2241 in the 24-hour chart. However, it has since pulled back slightly. This event came after a consistent rise in interest towards the asset since it dropped to $0.1918.
Price Structure Shows Breakout Attempts
A comparison between the June 20 and June 21 charts reveals significant development. On June 20, SEI was trading around $0.2053, but on June 21, the token decisively broke through a descending trendline. This marked the third attempt to break above this level since mid-May.
SEI Reclaims Key Level Amid Volume Surge
The current market capitalization of SEI stands at $1.23 billion. The trading volume over the past 24 hours reached $430.3 million, marking an 88.11% increase. This indicates a rise in market activity. A consistent volume level suggests the presence of support at $0.18, which is a key level for future price movements.
The strong results of SEI confirm the growing interest in this asset, which may change the short-term trends of its price movements and lead to further growth.
