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Why is the...
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Cryptopotato

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Why is the SEI Price Up Today

  • SEI buy volume exploded leading to a quick increase in price.
  • Key support level is at $0.27 and key resistance level is at $0.36.
  • SEI has rallied over 100% in two weeks, reaching 30 cents.
  • The daily RSI is above 70 points, indicating overbought conditions.
  • Historically, such high RSI levels have led to corrections.
  • Current bullish momentum may indicate a potential pullback.
  • Buy volume for SEI hasn risen significantly, last seen at this level in November 2024.
  • The price also made a higher high, suggesting a possible continuation of the rally.
  • Confirmation of the rally's sustainability would require breaking the resistance at 36 cents.

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