{"id":578018,"date":"2024-09-19T07:56:40","date_gmt":"2024-09-19T07:56:40","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=578018"},"modified":"2024-09-19T07:56:40","modified_gmt":"2024-09-19T07:56:40","slug":"sei-price-prediction-sei-surges-20-as-experts-say-this-supercharged-pepe-token-could-100x","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/sei-price-prediction-sei-surges-20-as-experts-say-this-supercharged-pepe-token-could-100x","title":{"rendered":"Sei Price Prediction: SEI Surges 20% As Experts Say This Supercharged PEPE Token Could 100X"},"content":{"rendered":"
The Sei price <\/span>rallied<\/span><\/a> more than 20% in the last 24 hours to trade at $0.3386 as of 11:34 p.m. EST.<\/span><\/p>\n This recent gain by the <\/span>SEI<\/span><\/a> price was enough to push its weekly performance back into the green with a 15% surge.<\/span><\/p>\n <\/p>\n 4-hour chart for SEI\/USDT (Source: <\/span>TradingView<\/span><\/a>)<\/span><\/p>\n A bullish falling wedge pattern was validated on the 4-hour chart for the Sei price in the last few hours, resulting in the recent rally. Buyers stepped in as soon as the altcoin approached the $0.2520 support and pushed the crypto’s value above both the $0.2940 and $0.3193 resistance levels. Now, the Sei price is attempting to breach the $0.3501 barrier.<\/span><\/p>\n If SEI is able to close a 4-hour candle above $0.3501 in the next 12 hours, then the altcoin will likely continue to rally. However, a rejection from this point could prompt traders to start to take profit. In this alternative scenario, the <\/span>Sei<\/span><\/a> price might be at risk of dropping below the aforementioned $0.3193 and $0.2940 price points. <\/span><\/p>\n From a technical perspective, indicators on SEI’s 4-hour chart show that buyers are in control and could keep pushing the crypto’s price higher in the coming 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing positive signs. <\/span><\/p>\n In the last 24 hours, the MACD line crossed above the MACD Signal line to indicate that the Sei price has entered a positive trend. With the prior breaking away above the latter, it seems SEI’s positive momentum is growing stronger.<\/span><\/p>\n Meanwhile, the RSI line also crossed above its Simple Moving Average (SMA) line throughout the last day of trading. After the two lines intersected, the RSI surged from 34 to above 70. This suggests that buyers grew substantially stronger than sellers in the last few hours. <\/span><\/p>\n Traders and investors will, however, want to keep an eye on the RSI since high readings generally warn that a crypto is overbought and are subsequently seen as a sell signal. There have been occasions where RSI readings remain high for a sustained period of time. This usually happens when a crypto is pumping. <\/span><\/p>\n Given the fact that the Sei price is approaching the $0.3501 resistance level, there is a high probability that the current RSI readings could lead to a brief sell off.<\/span><\/p>\nThe Sei Price Approaching A Major Resistance Level<\/span><\/h2>\n
Bulls Have Full Control, But The Sei Price Is In Overbought Territory<\/span><\/h2>\n