The SEI Price has recorded a decline of 33% from its middle-joy peak, but the analyst is saying that the acquisition is the final shakeout, before the SEI set offers a Rali Tard $ 4.
Summary
- The SEI price dropped from $ 0.39 to $ 0.26 on 2 August, a decline of 33%.
- Despite the pullback, the SEI formed a higher low, making the uptrend market structure intact.
- Acoding for analyst Ali Martinez, this drop may be the final shakeout before offering the SEI set.
The price of SEI (SEI) has fallen by 33% from $ 0.39 at a low of $ 0.26 on 2 August. $ 0.30. After taking some quick advantage, the price of SEI brings down to $ 0.28 at the press time, when it continues to honor the newly established ascending trendline.
The SEI Price is currently testing the 7-day EMA, hovering below it, which has reduced the trading volume Reimen 30% in the last 24 hours.
Cero value prediction
However, the latest 30%+ pullbacks can be good news as it can be the final shakeout before a major Rali. The current price action of SEI for Crypto’s analyst Ali Martineze mires the structure of SUI last year, when a final dip set the stage for a powerful brakeout. In that scenario, the needle extended to hit new heights from a uniform consolidation stage, eventually moved towards $ 5.
If the SEI SUI follows the trajectory, it can be a clear weak hand in a recent decline of $ 0.26, setting the platform for a breakout that is above $ 0.39 resistance.
As Crypto.news predicted the arjak, crossing this resistance can be triggered by aligning 50% fibonaccie with a repamental level, a strong rapid running towards the next key target near $ 0.43. This level of marking the swing high on the next leg after the current form, installs the potentially approximate Rali to $ 4.