Sam Cooling” src=”https://cimg.co/authors/929/responsive-images/sam___media_library_original_300_300.jpg” loading=”auto”/>
Last upgraded: January 16, 2024 11:19 EST|6 minutes checked out
1280″ height=”717″ src=”https://cryptonews.com/wp-content/uploads/2024/01/1705418787-seiart.jpg” alt=”Sei Network has rocketed-up amid a huge spike of $300m trading volume, driving SEI price up +24.68% out of double-bottomed support, and now speculators suggest this new mining protocol could be next.” decoding=”async”/>
Sei Network has rocketed-up in the middle of a big spike of$ 300m trading volume, driving SEI rate up +24.68 %out of double-bottomed assistance, and now speculators recommend this brand-new mining procedure might be next.
This follows SEI cost backtracked from -34.2% following a brand-new all-time high at$0.8823 posted-on January 3.
The bull flag on $SEI will break out in one instructions just pic.twitter.com/YZACdOEgV7
— Market Watcher (@blackgokusei)January 15, 2024
With traders now highlighting a bullish pendant in the chart, following the rise in volume (29.4% on Binance) technical fortifying recommends a bounce might happen on the short-time frame.
SEI Price Analysis: Can Sei Network Post New All-Time High After Surge In Trading Volume?
With cost action rising from double-bottomed assistance, SEI is presently trading at a market value of $0.77 (representing a 24-hour modification of -3.66%).
Double-bottomed assistance formed above lower assistance at $0.675, offering feed to the healing relocation which is now evaluating resistance right away listed below the previous all-time high at $0.88.
More assistance has actually emerged from the arrival of the ascendant 20DMA, which is presently stood at $0.68.
high” decoding=”async” src=”https://cryptonews.com/wp-content/uploads/2024/01/1705417307-thumbnail_seiusdt_2024-01-16_14-54-46.png” alt=”SEI Price Analysis, Sei Network, SEI price prediction ” width=”1634″ height=”891″/>
A breakout relocation from the bullish pendant pattern seems collecting momentum as showcased by growing merging on the MACD, which appears set to turn bullish imminently, although presently showing small bearish divergence -00.063.
Regardless of a lengthily debt consolidation over the previous 9-days, the RSI has actually had a hard time to cool off substantially– staying at a bearish signal of 63.75.
This leaves cost pressing greater into the trading channel, with strong technical type clashed by crucial signs, in a blended signal that might recommend an extension of debt consolidation proceed the short-time frame.
async” alt=”SEI Price Analysis, Sei network, SEI Price prediction ” width=”1634″ height=”891″ src=”https://cryptonews.com/wp-content/uploads/2024/01/1705417338-thumbnail_seiusdt_2024-01-16_14-56-08.png” srcset=”https://cryptonews.com/wp-content/uploads/2024/01/1705417338-thumbnail_seiusdt_2024-01-16_14-56-08.png 1634w, https://cryptonews.com/wp-content/uploads/2024/01/1705417338-thumbnail_seiusdt_2024-01-16_14-56-08-300×164.png 300w, https://cryptonews.com/wp-content/uploads/2024/01/1705417338-thumbnail_seiusdt_2024-01-16_14-56-08-1024×558.png 1024w, https://cryptonews.com/wp-content/uploads/2024/01/1705417338-thumbnail_seiusdt_2024-01-16_14-56-08-768×419.png 768w, https://cryptonews.com/wp-content/uploads/2024/01/1705417338-thumbnail_seiusdt_2024-01-16_14-56-08-1536×838.png 1536w, https://cryptonews.com/wp-content/uploads/2024/01/1705417338-thumbnail_seiusdt_2024-01-16_14-56-08-150×82.png 150w”/> < img decoding="async" alt="SEI Price Analysis, Sei network, SEI Price forecast" width="1634" height="891" src="https://cryptonews.com/wp-content/uploads/2024/01/1705417338-thumbnail_seiusdt_2024-01-16_14-56-08.png" srcset="https://cryptonews.com/wp-content/uploads/2024/01/1705417338-thumbnail_seiusdt_2024-01-16_14-56-08.png 1634w, https://cryptonews.com/wp-content/uploads/2024/01/1705417338-thumbnail_seiusdt_2024-01-16_14-56-08-300x164.png 300w, https://cryptonews.com/wp-content/uploads/2024/01/1705417338-thumbnail_seiusdt_2024-01-16_14-56-08-1024x558.png 1024w, https://cryptonews.com/wp-content/uploads/2024/01/1705417338-thumbnail_seiusdt_2024-01-16_14-56-08-768x419.png 768w, https://cryptonews.com/wp-content/uploads/2024/01/1705417338-thumbnail_seiusdt_2024-01-16_14-56-08-1536x838.png 1536w, https://cryptonews.com/wp-content/uploads/2024/01/1705417338-thumbnail_seiusdt_2024-01-16_14-56-08-150x82.png 150w"/ >
To the benefit, SEI rate is dealing with an upside target above today all-time high at $0.90 (a possible +14.03%).
While disadvantage danger might see SEI cost topple pull back to $0.675 (a possible -14.48%).
In general, this leaves SEI network with a threat: benefit ratio of 0.97– a bad entry characterised by stalling momentum set off by resistance.
While SEI provides an uninviting entry, a much better possibility emerges for financiers in the Bitcoin Minetrix presale, which provides the possibility to get involved in cloud mining– making it possible for retail financiers to declare their share of block benefits.
SEI Price Analysis Alternative? New Bitcoin Cloud Mining Project BTCMTX Smashes $8.63 M Raised
Dive into the ingenious world of Bitcoin Minetrix and its pioneering stake-to-mine system– as the increasing presale smashes +$8,636,449 raised– now going into phase 20 of the presale.
Using a luring 75% Staking APY, Bitcoin Minetrix supplies a platform where users can purchase, stake, and after that view as the benefits begin collecting.
The real essence of passive earnings in the crypto world has actually never ever been this available.
