The SEI token is making a comeback following a period of decline. Let's examine recent price changes and key levels for analysis.
SEI Price Dynamics
SEI price is trading around $0.2979 after reclaiming key support levels. The recent surge occurred following a breakout from a descending wedge that had pressured the price since mid-August.
SEI Support and Resistance Levels
Focus is on the $0.28 level as the main support. A drop below this could bring SEI back to $0.27. Meanwhile, the $0.30 level is crucial for further growth, if the price remains above it, it may rise to $0.32.
Overall Market Sentiment for SEI
Trading volumes are increasing, indicating heightened buyer activity. Momentum indicators show steady growth without entering the overbought zone, leaving room for a rally's continuation.
The current dynamics of SEI suggest the potential for continued growth if buyers can maintain the $0.30 level. Key will be breaking through $0.37 to confirm a solid bullish trend.
