The SEI token, native to the Sei blockchain, is showing strong technical indicators, suggesting a high potential for growth. Investors should closely monitor this opportunity as a bullish crossover of moving averages and significant outflows from exchanges are on the horizon.
Despite the gloomy market conditions, the native token of the blockchain Sei maintains a bullish trend, with gains of +45% over three months and +6.3% in one week. This movement could intensify, driven by a key technical pattern and sustained accumulation. However, massive short positions risk increasing volatility if prices surge.
On the daily chart, SEI displays a major bullish signal: The 100-day EMA is about to cross the 200-day EMA, an indicator widely regarded as a reliable buy trigger. This configuration could strengthen the bullish trend and attract institutional investors.
Moreover, on Bitget, short positions ($37.34M) significantly outweigh longs ($26.15M). A rapid price increase could trigger a short squeeze, leading to cascading liquidations and propelling SEI even higher.
SEI currently trades at $0.32, supported by the $0.31 support level. To validate its rally, it must break through the resistance at $0.35, a level that has already caused several rejections. If successful, the next target sits at $0.37. However, a failure below $0.35 could give sellers a brief respite. Conversely, a breakdown below $0.31 would open the path toward $0.29, calling into question the short-term bullish momentum.
Sei (SEI) remains in a bullish trend, with gains of +45% over three months and +6.3% in one week, so don’t miss this opportunity.
Want to acquire SEI through Bitget? Here are the essential steps to complete your purchase easily and securely:
Before investing, analyze market movements to adjust your strategy and limit risks.
Related topics:
Passionate about cryptocurrencies since 2019, I cover the latest news through clear and accessible articles. My goal is to make crypto understandable for everyone, with reliable and well-researched content.
DISCLAIMER
This article is for informational purposes only and should not be considered as investment advice. Trading cryptocurrencies involves risks, and it is important not to invest more than you can afford to lose.
InvestX is not responsible for the quality of the products or services presented on this page and cannot be held liable, directly or indirectly, for any damage or loss caused by the use of any product or service featured in this article. Investments in crypto assets are inherently risky; readers should conduct their own research before taking any action and invest only within their financial means. This article does not constitute investment advice.
Risk Warning : Trading financial instruments and/or cryptocurrencies carries a high level of risk, including the possibility of losing all or part of your investment. It may not be suitable for all investors. Cryptocurrency prices are highly volatile and can be influenced by external factors such as financial, regulatory, or political events. Margin trading increases financial risks.
CFDs (Contracts for Difference) are complex instruments with a high risk of rapid capital loss due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs. You should assess whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Before engaging in financial or cryptocurrency trading, you must be fully informed about the associated risks and fees, carefully evaluate your investment objectives, level of experience, and risk tolerance, and seek professional advice if needed. InvestX.fr and the InvestX application may provide general market commentary, which does not constitute investment advice and should not be interpreted as such. Please consult an independent financial advisor for any investment-related questions. InvestX.fr disclaims any liability for errors, misinvestments, inaccuracies, or omissions and does not guarantee the accuracy or completeness of the information, texts, graphics, links, or other materials provided.
Some of the partners featured on this site may not be regulated in your country. It is your responsibility to verify the compliance of these services with local regulations before using them.
