SEI PRICE ANALYSIS & PREDICTION (February 26) – Sei Signals a Shift Following a Recent Breakout, Up 16% Today
Some altcoins have seen a major recovery today, including Sei which is now showing signs of bullish on the daily scale. It faces obstacles, but a flip above $3 should set a new bullish tone in the market. Following a lower low and lower high pattern in the past months, Sei found support after testing $0.18 earlier this month and the price bounced back. This bounce led to a break above a descending trendline, which has been serving as dynamic resistance for two months. The $0.29 level suppressed buying after multiple rejections and the price dropped to retest the broken trendline as support. It bounced back and faced this level again – now considered as resistance. A successful breakthrough should signal a shift, and probably stage a new bullish phase. However, it is important to note that Sei is still […]