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.