SEI Leads Crypto Market with 43% Weekly Surge as Price Approaches $0.30
SEI is attempting to reclaim a key level after a recent bullish breakout, with analysts predicting a potential rally towards $0.50.
SEI Leads Crypto Market
- SEI has surged nearly 100% from a previous drop, breaking crucial levels.
- The cryptocurrency retested the $0.15 support and recovered the $0.20 area, jumping about 70% this week.
- Currently trading between $0.24 and $0.29, SEI aims to break the $0.30 resistance.
- SEI recorded a 43% weekly increase, outperforming Bitcoin and Ethereum.
- Analysts suggest a possible further rally of 70%, targeting $0.50 if market conditions remain favorable.
$0.28 Reclaim Needed For Bullish Continuation
- A confirmed inverse Head and Shoulders pattern provides a solid foundation for further gains.
- SEI must hold the $0.27 area for bullish momentum; currently trading at $0.28, reflecting a 12% daily increase.
- Analysts predict continued upward movement based on positive trading signals against Bitcoin.
- Reclaiming the Fair Value Gap at $0.285 is essential for bullish continuation; failure to do so may result in a decline.
