The SEI coin has captured traders' attention due to its positive price movements and activity in the futures market. In recent weeks, SEI's price has broken through a key resistance zone and turned it into support.
SEI: Price Movements
In recent weeks, SEI's price has successfully overcome significant resistance levels, signaling positive trends for traders. This success suggests growing interest in the asset.
Surge in SEI Futures Open Interest
Open interest in SEI futures has surged over 210% in just three weeks, reaching $162.96 million. This spike indicates active participation from traders who are expecting either a breakout or a major swing.
Technical Analysis of SEI and Predictions
SEI's price has successfully retested the 200-day moving average, forming a solid support level. Traders are now looking for confirmation above $0.27–$0.28, which could trigger further price increases.
Given the current price dynamics and open interest trends, SEI is in an intriguing consolidation phase, presenting potential for upcoming market movements.
