SEI Price Rises 16% Following Breakout from Six-Month Pattern
On June 20, Sei (SEI) experienced a bullish surge, rising over 16% in 24 hours to approximately $0.2136. The price increase followed a breakout from a six-month descending wedge pattern and marked a recovery from a monthly low of $0.1596.
- Market capitalization increased by 13% to around $1.18 billion.
- Trading volume doubled to $268 million, indicating increased investor interest.
- Analyst FOUR noted the potential for SEI to reach $0.80.
- Speculation surrounds possible upcoming announcements or partnerships as buying pressure rises.
Price Outlook for SEI
SEI has broken above its 20-day SMA, now testing the upper Bollinger Band. The Bollinger Bands are widening, suggesting the end of consolidation.
- RSI is at 57.74, indicating bullish momentum.
- If SEI holds above $0.21 and surpasses $0.25, resistance at $0.32 may be tested.
- MACD shows a bullish crossover with a green histogram supporting upward momentum.
Snorter Bot Presale
The Snorter Token (SNORT) presale is gaining traction, aiming to enhance meme coin trading within the Solana ecosystem through an integrated Telegram bot.
- Anti-scam features reportedly identify scams with 85% accuracy.
- $SNORT holders benefit from reduced trading fees and can stake for annual yields exceeding 487%.
- The presale has raised over $1.12 million towards a $1.45 million target.
- Current token price is $0.0957.