After having burst out of bullish training, Sei tries to recover a crucial level to continue his rally. Some analysts suggest that cryptocurrency is preparing for another massive rally to the resistance of $ 0.50.
SEI leads the cryptography market
While the market is recovered from the recent decline, Sei has climbed from its local bottom and broke out by crucial levels. Earlier this week, cryptocurrency pulled a rally of almost 100% compared to its 16% drop.
In particular, the price of SEI followed the rest of the market last week and retests the level of $ 0.15, support not seen since early April. During the weekend, Altcoin recovered the crucial area of $ 0.20 before jumping almost 70% at the start of the week.
Since then, the token has oscillated between $ 0.24 and $ 0.29, trying to get out of the resistance of $ 0.30 Friday morning.
Following these performances, analyst Sjuul d’Altcryptogems called Sei the “Taurus of the week”, highlighting the “animal mode” of the cryptocurrency fueled by “the record activity on the token chain which brought new investors and whales” to the network after the break.
In particular, the cryptocurrency leads the list of the 100 best cryptocurrencies with a weekly overvoltage of 43%, exceeding the performance of the Bitcoin (BTC) and Ethereum (ETH) market.
Crypto Raven noted that SEI “has done an excellent work of rupture because the market looks very fresh at the moment”, suggesting that the cryptocurrency could rally 70% additional. According to the post, “if the market supports a little more, we can very well reach $ 0.5 from here. Return to the Glory Days of Sei. “
Nevertheless, the market observer considers that Altcoin could consolidate around the current area for a short period before continuing its rally to the levels of the fourth quarter 2024.
$ 0.28 complaint required for the Haussier continuation
Analyst Nebraskangooner has highlighted a four -month -old head and shoulder model on the Sei graph, noting that he was confirmed after this week’s breakup. The cryptocurrency left the neckline of the training after the action of Wednesday prices, stressing that “everything that is taking key support would be a solid retest place”.
After the retrace in the $ 0.27 zone, the cryptocurrency retested the neck, which SEI must hold for the bullish pursuit. In particular, the price of SEI maintained this level despite the fence of the bar of $ 0.25 Thursday.
Likewise, Michaël Van de Poppe said that Sei will probably continue to rally as a “massive” upright divergence on his commercial pair against Bitcoin suggests that the price of cryptocurrency is reversed. On this basis, the analyst has planned that investors could “see more than 300 SAT soon”.
Meanwhile, Market Watcher, the architect Wyckoff, shared an analysis of the period of low time (LTF) on the Action of SEI prices. For the analyst, a recovery of the difference in fair value (FVG) to $ 0.285 will confirm the upward continuation, the cryptocurrency consolidating before breaking.
On the contrary, not to recover and maintain this area would trigger a scenario of bear and risk a drop to a new local hollow.
To date, SEI is negotiated at $ 0.28, an increase of 12% of the daily period.
