Important collection restaurants
Why is SEI important now?
Sei had $ 0.2887, defended $ 0.27 and the daily transactions grew by 16x since 2024.
What can traders then expect?
Analysts have marked 50 SMA support, which suggests that the Altcoin could return to $ 0.36 if the momentum continues.
Sei [SEI] Spent the past week with consolidating nearly $ 0.2887 after a volatile September that knew early profit. TradingView -Data showed a rally of 33.7% in the first half of the month, followed by a pullback of 24.9% that left the price unchanged.
Source: TradingView
At the time of the press, Sei acted near $ 0.2887, an increase of 5% in 24 hours. The trade volume rose by 30% to $ 155 million, which is a reflection of renewed participation.
The most important catalyst behind the sudden higher price stick of the Altcoin seemed to be Bitcoin [BTC] And other important assets that came considerably in the last hours.
Moreover, another factor was that the price of the Alt was strengthened and propelled, the strong foundations.
Network Fundamentals reinforce the SEI matter
Data shared on X (formerly Twitter) emphasized the network expansion of SEI.
Daily transactions rose 16x since September 2024, while cumulative volume climbed $ 73 billion in one year. This history kept the sentiment constructive for the long term approval.
Looking at the price views of the ATLCOins, expert Ali Martinez shared a daring claim. In a post on X he stated that the price of SEI seemed to be supported by the 50 SMA on the 3-day graph.
Source: X
The last time this happened, it actively experienced an increase of 120% price, which could possibly repeat.
Technical installation points up to $ 0.36 for SEI
According to the technical analysis of Ambcrypto, Sei Bullish seemed ready for a huge upward rally. On the daily graph, the alto bounced his support in the vicinity of $ 0.272.
Source: TradingView
If the upward momentum of SEI were to be kept above $ 0.272, it could actively collect more than 25% to $ 0.36 in the short term.
At the time of printing, Bollinger tires flashed a reversal signal. The Altcoin bounced from the lower limit and hinted up to a potential shift.
Liquidation card Signals Trader positioning
Coinglass revealed that the most important liquidation levels of SEI, which means that traders were used too much, $ 0.27 at the bottom and $ 0.293 were at the top.
At these levels, traders for $ 4.27 million in long positions and $ 665.86k have built up short positions.
Source: Coinglass
Yet this positioning suggested that Bulls defended the $ 0.27 zone, which reflects the confidence that SEI would not slide below that level.