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SEI Price Skyrockets With WLFI’s Entry: Is $0.40 on Horizon?
The post SEI Price Skyrockets With WLFI’s Entry: Is $0.40 on Horizon? appeared on BitcoinEthereumNews.com. As Donald Trump’s World Liberty Finance acquired the SEI token for the first time in its DeFi buying history, the SEI price skyrocketed. With an intraday surge of 11.06%, the DeFi token is presenting a double-bottom reversal. Aiming to conclude the lower-high formation and start a new bullish trend, the SEI price has now reached the $0.25 psychological mark. Will this bullish continuation lead to a new swing high in SEI prices? Let’s find out. Is SEI Ready for a Bullish Explosion? In the daily price chart, the SEI price trend showcases a bearish reversal from the $0.70 mark to $0.21. Currently, the sideways trend near the $0.21 support level hints at a double-bottom reversal. The intraday recovery of 11.25% creates a second consecutive bullish candle. Furthermore, the bullish engulfing candle breaks above the neckline at $0.24 and breaches the 20-day EMA line at $0.25199. Currently, the SEI token trades at $0.25737. Supporting the double-bottom reversal, the daily RSI line reveals a bullish divergence. Furthermore, SEI’s trading volume has surged by over 80% in the past 24 hours, signaling strong investor interest and liquidity. This increases the chances of a sharp comeback in SEI prices. Key Resistance & Support Levels: What’s Next? Despite the short-term recovery, the prevailing downfall has resulted in a bearish alignment in the 50-, 100-, and 200-day EMA lines. Hence, the bull run is likely to face opposition from the dynamic average lines. Furthermore, the Fibonacci levels paint the immediate resistance level at $0.286, near the 23.60% Fibonacci mark. In case the uptrend surpasses the 23.60% level, the bull run will likely face resistance at the 200-day EMA near the 50% Fibonacci level at $0.39165. Trump’s Fund Joins SEI: What Does It Mean for the Market? Recently, Donald Trump’s World Liberty Financial made its first-ever SEI…
The post SEI Price Skyrockets With WLFI’s Entry: Is $0.40 on Horizon? appeared on BitcoinEthereumNews.com.
As Donald Trump’s World Liberty Finance acquired the SEI token for the first time in its DeFi buying history, the SEI price skyrocketed. With an intraday surge of 11.06%, the DeFi token is presenting a double-bottom reversal. Aiming to conclude the lower-high formation and start a new bullish trend, the SEI price has now reached the $0.25 psychological mark. Will this bullish continuation lead to a new swing high in SEI prices? Let’s find out. Is SEI Ready for a Bullish Explosion? In the daily price chart, the SEI price trend showcases a bearish reversal from the $0.70 mark to $0.21. Currently, the sideways trend near the $0.21 support level hints at a double-bottom reversal. The intraday recovery of 11.25% creates a second consecutive bullish candle. Furthermore, the bullish engulfing candle breaks above the neckline at $0.24 and breaches the 20-day EMA line at $0.25199. Currently, the SEI token trades at $0.25737. Supporting the double-bottom reversal, the daily RSI line reveals a bullish divergence. Furthermore, SEI’s trading volume has surged by over 80% in the past 24 hours, signaling strong investor interest and liquidity. This increases the chances of a sharp comeback in SEI prices. Key Resistance & Support Levels: What’s Next? Despite the short-term recovery, the prevailing downfall has resulted in a bearish alignment in the 50-, 100-, and 200-day EMA lines. Hence, the bull run is likely to face opposition from the dynamic average lines. Furthermore, the Fibonacci levels paint the immediate resistance level at $0.286, near the 23.60% Fibonacci mark. In case the uptrend surpasses the 23.60% level, the bull run will likely face resistance at the 200-day EMA near the 50% Fibonacci level at $0.39165. Trump’s Fund Joins SEI: What Does It Mean for the Market? Recently, Donald Trump’s World Liberty Financial made its first-ever SEI…
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