In the midst of the current census of the market, SEI shows strength after a daily increase since Tuesday. While the trend shifting, the market structure appears to be bullish per day because it is a dual -bottom style.
After ascending and landing on the market since the beginning of the second quarter, SEI finally found solid ground and restored strength on the daily chart.
This came after the re -establishment of the support above the level of $ 0.15 earlier this week, and as we see, the price returned and increased continuously until it crossed more than a month of resistance. Although this indicates the transformation of the direction, the encryption is gained daily.
Looking at the latest price procedures, we can say that the bulls have returned to control of the daily chart. It should confirm a daily increase above $ 0.28 on the neckline for the double bottom pattern before gathering strongly on the short -term scale. The opposite would be the case if it decreases less than the lowest level in April.
At the same time, it is important to note that the encryption market is surrounded by a negative address due to the recent decline in the Bitcoin price. If SEI follows her example, it may take a slowdown to find a solid ground for apostasy. As of now, it shows signs of climbing on the daily chart.
SEI key levels to watch
Source: TradingView
The main obstacle to the bulls is now the resistance level of $ 0.274. You should overcome the validity of up to $ 0.347 – above February – and perhaps $ 0.434.
In the event of withdrawal, SEI may re -test 0185 dollars (coincides with the broken resistance line) as support before the bounce. The main reservation support levels are $ 0.159 and $ 0.13.
Main resistance levels: $ 0.274, $ 0.347, $ 0.434
Main support levels: $ 0.185, $ 0.159, $ 0.13
- Immediate price: $ 0.22
- Trend
- Volatility: High
Disclosure: This is not a trading or investment advice. Always make your search before buying any encrypted currency or investing in any services.
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