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SEI Price Drops 9% But Technical Indicators Signal Potential Recovery

  • SEI price dropped 9% in the last 24 hours, showing mild bearish signs on the daily chart.
  • Despite the price correction, investor sentiments remain positive for SEI.
  • SEI is currently trading close to its 200-day exponential moving average at $0.2631, with the 50-day EMA offering further support.
  • Technical indicators like the MACD being in the positive region, neutral RSI, and positive social sentiment suggest potential for a bullish recovery in SEI price.

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