Home CryptocurrencySEI Price Eyes Key Breakout Support is above $ 0.283 – BitrsS

SEI Price Eyes Key Breakout Support is above $ 0.283 – BitrsS

by Hammad khalil
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However, $ 0.283 has significant support interactions, which are always counted to rebound if this level is involved to help. A success resistance at $ 0.310 can pave the way for high goals including $ 0.319, $ 0.350 and $ 0.389 depending on market conditions.

Sei price action and major support levels

The price chart for SEI reflects the vaulti of the fare of the asset after a network upgrade, resulting in a value with a tight reference. After reaching a peak near $ 0.3100, the token failed to maintain that level and retreated until $ 0.2886, showing a significant decline.

Sei price action and major support levels

Source: X

The asset has a firm support zone around $ 0.283, which is achieved as a rebound point in the re -sense. If the price remains above this support, a rapid breakout may be, the price moves the upper resistance areas to a higher level.

Sei price action and major support levels

Source: X

Price action is currently testing this support area, and a boom couch has tried to break the $ 0.310 resistance. Technical indicators support the notion that, if the value is above $ 0.283, it can target highlights.

However, the ability to break the $ 0.310 resistance is important for a complete-tomb reversal, and failure to do so may lead to further consolidation or potential Bradown Tower.

Recession indicators and ability to negative side

While SEI Prime Freeway flexibility at its support levels, major technical indicators suggest a potential negative side. The moving average convergence diversion (MACD) indicator suggested wearing speed, as the histogram has gone into a negative area.

The MACD line, occupying the bottom of the signal line, reflects the recession press and carries forward the current downrand. These indications indicate that the vendors remain under control, and a continuous movement is possible if the support level fails at $ 0.283.

Recession indicators and ability to negative side

Source: TardingView

Chaikin Money Flow (CMF) adds indicators and caution, which is a sign of negative wealth of -0.10. This shows that the recent selling to the President is dominating the market, hesitating institutional investors.

Although CMF has increased slightly since the middle of July, it remains in a negative area, which highlights the lack of confidence between large market parts. Without a reversal in CMF or a change in the scene of the market, the token may continue to face pressure downwards, around $ 0.260 with the next support area.

Business quantity and market spirit

Additionally, volume analysis suggests that the price of trading activity has increased, indicating that market participants are seeking better entry points. The increase in recent volumes during price peaks suggests that it has been considered market interest, although it is not enough to maintain ralis.

Suggesting a vigilant market outlook, the latter indicates the market disgrace and weak rapid support in the volume duing.

Business quantity and market spirit

Source: Bravenewcoin

To break your currency consolidation phase for SEI price, the volume needs to be invested as the price tested resistance levels. A breakout above $ 0.310, combined with string volume, indicates the onset of a new fast tendency. Traders should monitor volume and support levels, as any change in any factor can change the overall market

If the price of Altcoin is above the $ 0.283 support level and shows a signs of movement upwards, a breakout may occur on the horizon. However, without confirmation of volume and speed indicators, the recession press may remain.

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