Sei Price Prediction: SEI Leads Gainers With 34% Surge After Trump Announces Iran-Israel Ceasefire, But Experts Say This Bot Token Could 100X

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Sei price
Sei price

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The Sei price surged 34% in the last 24 hours to trade at $0.2704 as of 11:13 p.m. EST as investors rush to buy the crypto.

With the strong 24-hour performance posted by the SEI price, the altcoin has emerged as the biggest gainer in the crypto market for the last trading session. This is after the whole market rebounded over 4% in the last 24 hours following US President Donald Trump’s announcement of a ceasefire between Iran and Israel. 

Sei Price Trying To Break Above A Bullish Channel

SEI Chart Image

Daily chart for SEI/USD (Source: GeckoTerminal)

The Sei price is attempting to breakout above an ascending channel that has emerged on its charts over the last few days, according to data from GeckoTerminal. If the crypto continues to trade within this positive range, it could end up rising to the nearest major resistance level at $0.2801.

However, a sudden change in the broader crypto market’s trend could stop the Sei price in its tracks. In this more bearish scenario, the altcoin could end up testing the support level at $0.2325. This level is confluent with the lower barrier of the ascending price channel. As such, a drop below this point might mark the end of SEI’s bullish trend.

If that happens, traders might begin to enter short positions for the Sei price, which could push it down to $0.2057. Thereafter, continued sell pressure could result in a plunge to as low as $0.1679.

SEI Price Might Keep Climbing Despite Overextended Conditions

From a technical point of view, indicators on the daily chart, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), suggest the Sei price might keep climbing.

That’s after the MACD line broke above the MACD Signal line in the last few days, indicating that SEI has entered a positive trend. This technical event was validated by the recent surge. What’s more, the MACD line is still breaking away above the MACD Signal line, an indication that SEI’s bullish momentum might be picking up steam. 

Buyers have also grown substantially stronger in the past couple of days, as evident by the rise in RSI readings during this period. Currently, the indicator stands above 70, signaling a lot of buying power.

Traders will just want to keep an eye on the RSI, because readings above 70 usually indicate that a crypto is overbought and are subsequently seen as a sell signal. There have, however, been instances in the past where the RSI remained high for a sustained period of time. This is usually when a crypto is pumping.

As the Sei price looks to keep its bullish move going, investors are also buying a new presale crypto called Snorter Token (SNORT). Popular YouTube channel 99Bitcoins told its over 723K subscribers in a recent video that SNORT could soar 100X after its launch.

Snorter Turns Telegram Into A Professional Trading Dashboard

Traders are constantly on the watch for new opportunities in the markets, especially in the volatile crypto market. Some have decreased their computer screen time by reverting to bots to automate their strategies. 

Solutions like BonkBot, Maestro and Trojan have dominated the market until now, but a new competitor called Snorter Bot is trying to make a name for itself. Snorter already comes with several advantages over its competitors.

One thing that makes Snorter Bot stand out is that it functions directly within Telegram, enabling users to perform sub-second swaps, copy other traders, snipe new tokens and monitor their portfolios in real-time, all within the popular messaging platform. 

SNORT Tweet

That ease of use also comes with competitive fees, with SNORT token holders only charged 0.85%. This is substantially lower than the average execution cost of 1.5%. 

Snorter Bot’s advantages don’t stop there, because the project also comes with advanced MEV protection and honeypot scam detection. 

High Staking Rewards Drive Investors To SNORT’s Presale

Snorter Token has already raised over $1.2 million through its ongoing presale, which indicates that there is strong demand for what the project has to offer. In addition to the multiple advantages Snorter Bot offers over its competitors, there is also a 266% APY made available to presale buyers that might be pulling investors in.

To get in on the rewards, investors will first need to buy SNORT via the widget on its website before staking them. Currently selling for $0.0961, SNORT can be bought with both crypto or bank card. 

Investors will want to buy before a presale price hike in around 31 hours.

Check out SNORT.

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