Crypto Express

06/21 02:49

Will SEI overcome key resistance?

After bouncing from the $0.1659 support zone, SEI was testing the resistance near $0.2135 at press time. A breakout above $0.2766 would invalidate the broader downtrend and could make room for a move towards $0.35. 

However, this resistance has proven difficult to breach in previous attempts. Unless accompanied by rising volume and sustained inflows, the price could struggle to maintain momentum. 

Ultimately, SEI’s recent performances have highlighted strong alignment between user activity, sentiment, inflows, and leveraged positioning. 

If the price manages to break above resistance with volume and capital inflows, SEI could extend its rally in the short term. However, failure to overcome $0.2766 could return it to consolidation. 

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