Join Our Telegram channel to stay up to date on breaking news coverage
The Sei price soared 52% in the last 24 hours to trade for $0.3432 as of 6:10 a.m. EST time as trading volume jumped 375%.
With this surge, the Sei price reclaimed levels last tested on August 15, while liquidating $1.05 million short positions.
At the same time, open interest for SEI token has spiked to an all-time high of $97.67 million.
It comes amid growing social volume, with most of this coming from Telegram and X, Santiment data shows.
The spike in social volume shows the amount of mentions of the coin on more than a thousand crypto-related social media channels is increasing.
Sei Price Outlook As SEI Token Pumps Hard
After a long period of consolidation along an ascending trendline, Sei price broke past the $0.2830 resistance level in a bullish attempt to reclaim the range high at $0.4800.
Increased buyer momentum above current levels could see Sei price extend the gains past the $0.4000 psychological level and ultimately the $0.4500 level before confronting the $0.4800 range high.
In a highly bullish case, the Sei price could shatter past this roadblock, for a possible tag of the $0.5000 level. Such a move, constituting a 45% climb above current levels would also see the token record a new all-time high.
The Relative Strength Index (RSI) remains northbound, showing momentum is still rising. In addition, the Awesome Oscillator (AO) indicator shows green bars, while moving in the positive territory. These bolster the bullish thesis.
More interestingly, the Moving Average Convergence Divergence (MACD) indicator is about to execute a buy signal. This will be executed once the MACD crosses above the signal line (orange band). Traders heeding this call could enhance the upside potential for Sei price.
On the other hand, if profit booking commences, Sei price could pull south, potentially losing the immediate support at $0.2830. Enhanced seller momentum could extend the fall below the ascending trendline for the altcoin’s market value to test the $0.2146 support. A break and close below this level would invalidate the prevailing bullish outlook.
In the dire case, Sei price could extend a leg lower, slipping past the $0.1500 psychological level to tag the $0.0954 support floor. Such a move would denote a 73% drop below current levels.
Investors looking to diversify their portfolio with better prospects may consider LPX and YPRED, two cryptocurrencies that have analysts anticipating 10X growth potential.
Promising Alternatives To SEI
LPX
LPX is the native cryptocurrency for the Launchpad XYZ ecosystem, a project committed to helping community members figure out the next 10X trades.
🚀 Outsmart the market with #LaunchpadXYZ's AI insights
Elevate your #Trading game! 🔥#LaunchpadKnows #Web3 #Crypto pic.twitter.com/gcZDqATf8F
— Launchpad.xyz (@launchpadlpx) November 9, 2023
The project reveals the secrets of web3 crypto trading, getting you to become a winning trader. It puts the market in your pocket so you can execute winning trades even when on the move.
📱Mobile trading redefined!
With #LaunchpadXYZ, the market is always in your pocket. Never miss an opportunity, no matter where you are.#Crypto #Web3 #AltSeason #Alts pic.twitter.com/EcdK3flGEE
— Launchpad.xyz (@launchpadlpx) December 18, 2023
By leveraging automated trading, Launchpad XYZ ecosystem will set you apart from other traders in your level, setting you up for winning trades. Investors looking to buy LPX should consider doing so in the presale now, when the token is selling for only $0.0445. So far, upwards of $2.201 million is already in the bag.
🤖 Tip of the day: Automated trading can be a game-changer, but don't forget the human touch.
Balance is key. 💡#LaunchpadXYZ #Web3 #Crypto
— Launchpad.xyz (@launchpadlpx) December 18, 2023
Visit Launchpad XYZ website to buy LPX in the presale here.
YPRED
YPRED is the ticker for the yPredict ecosystem, also an AI project that was specifically built for developers, traders, quants, and analysts. It provides real-time trading signals from innovative predictive models by the top 1% of AI experts.
🚀 Ready to boost your crypto portfolio? 📈 Check out yPredict, the altcoin with the potential for 20x gains! 💰
🔥 Earn up to 45% quarterly rewards with yPredict's staking platform.
🛍️ Get discounts on yPredict features and lifetime access to prediction tools.
📊 A one-stop… pic.twitter.com/rrwDnDUw9d— yPredict.ai (@yPredict_ai) November 9, 2023
The project is also in the presale stage with each YPRED token selling for $0.11 before the final listing price of $0.12. Presale sales have reached $5.59 million, out of a target objective of $6.507 million. Buy YPRED now before it reaches its hard cap.
🚀 Exciting News in the Crypto Space! 🌐🔮
yPredict (YPRED) presale surges past $5.5M with just $1M left to reach its $6.5M hard cap! 🚀
🤖 AI-powered trading tools
💡 Data-driven insights for traders
💰 Staking rewards up to 45%
📈 Presale price $0.11 – Listing at $0.12… pic.twitter.com/FnUxZTjJLk— yPredict.ai (@yPredict_ai) December 16, 2023
Visit yPredict website to buy YPRED in the presale here.
Also Read:
- How to Buy yPredict Token – YPRED Presale
- How to Buy Launchpad XYZ – LPX Token Presale
- Next BAYC or CryptoPunks? Discover Hot New NFTs to Buy Using Launchpad.xyz
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $10+ Million Raised at ICO - Ends Soon
Join Our Telegram channel to stay up to date on breaking news coverage