SEI Crypto Price Forecast: Will Sei Price Hit the $1 Mark in 2024?
Sei crypto price is facing a mild correction on the daily timeframe, halted near the value of $0.8912, and currently took support at the 20-day moving average.
As per Coinmarketcap Sei token currently trades at $0.7380 with an intraday incline of 4.85% daily. However, the volume is decreased by the 22.18%. As per the data of trading view, the 24-hour trading volume of the coin is 375.631 Million with a market cap of 1.693 Billion.
Despite the recent weakness, the overall performance of the crypto is quite outstanding last year it gave a return of 194.48%, and Year to date it gave a return of 31.39%. In 6 months, it gave a return of 194.48%, in three months it gave a return of 614.76% and last month it grew by almost 185.68%. However last week it increased by almost 13.14% demonstrating mild weakness in the price.
As per the indicator summary of Tradingview out of 24 indicators 4 are on the sell side, 9 are on the neutral side and 11 are indicating buying signal. The overall weightage is on the buying side demonstrating a buying outlook for the SEI crypto.
Price Overview of The SEI Price
The all-time high of the SEI is $0.8779 which it reached approximately 10 days ago and the current price is 16.8% lower than the all-time-high price. Moreover, the all-time low price was $0.09536 which was noticed 3 months ago. The current price is 665.69% higher than the all-time low price.
Technical Analysis of SEI Crypto Price
Source: Tradingview
On the daily time frame, SEI crypto price is currently trading beyond the key moving averages showcasing bullish momentum.
The key indicator MACD is currently trading beyond the zero line in the positive zone. However, a negative cross is noticed on the indicator showing weakness in the momentum.
The RSI curve is hovering near the overbought zone at 62.78 below the 14-SMA line showcasing little weakness in the momentum.
Overall the Sei crypto price is witnessing a mild correction and taking the rejection from the level of $0.8912. The technical indicators are pointing towards short correction and in the long term, it looks bullish.
Technical levels
Supports Levels: $0.5849.
Resistance Levels: $0.8912.
Disclaimer
The information contained in this article is intended for informational and educational purposes only. It should not be construed as financial, investment, or trading advice. Investing and trading involve risk, and you should carefully consider your own circumstances and risk tolerance before making any investment decisions.
