SEI, the native coin of the Sei ecosystem, is among the best performers in the top 100 cryptocurrencies, up nearly 2% in the last 24 hours.
Despite bearish market conditions, SEI could rally to the $0.2 level.
SEI's positive performance contrasts with the broader crypto market's underperformance due to ongoing conflicts in the Middle East.
SEI added 2% to its value in the last 24 hours, while the total cryptocurrency market cap declined to $3.25 trillion.
SEI's technical indicators suggest a potential rally towards the $0.2 resistance level, but its bearish stance in the higher timeframe poses a challenge.
The MACD is still negative, and the RSI at 42 indicates the potential for further selling pressure.
Traders should monitor today's FOMC meeting for its potential impact on SEI's performance.