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SEI Price Explodes 30% as Bulls Break Key Resistance Level
- SEI surged 30% in 24 hours, breaking above the 200-day EMA resistance at $0.26 after months of sideways movement.
- The Supertrend indicator turned green, indicating a bullish momentum shift from a strong support level of $0.17-$0.20.
- SEI's price exhibits strong bullish signals on technical indicators, rising 30% in the last 24 hours, reaching $0.2639.
- The recent Supertrend indicator change to green signals a shift to a bullish momentum after holding strong support at $0.17-$0.20.
- SEI's breakout above the 200-day EMA at around $0.26 suggests significant buyer interest.
- A decisive upward movement is forming as SEI surpasses the crucial 200-day EMA resistance, attracting retail and institutional investors.
- Supporting indicators like RSI and MACD suggest further upward potential with bullish momentum.
- The recent swing low at $0.20 serves as a logical stop-loss level for bullish positions on SEI.
- Sustaining above the 200-day EMA could trigger a potential rally towards $0.35-$0.40, offering a 30%-50% gain.
- Multiple bullish indicators, including the Supertrend reversal and MACD confirmation, paint a positive technical picture for SEI's future trajectory.
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