Momentum

Coin

<ul class="news-points"> 
 <li>Bullish momentum wanes as SEI hits $0.1715 resistance.</li> 
 <li>SEI stabilizes around support after a 2.22% drop from the high.</li> 
 <li>High trading volume and indicators suggest a potential SEI rebound.</li> 
</ul> 
Bullish momentum for the <a href="https://coinedition.com/tag/sei-sei/" rel="noopener noreferrer nofollow">Sei (SEI)</a> project has weakened in the previous 24 hours after hitting resistance at the 7-day high of $0.1715. As a result, negative momentum swept in, lowering the price to an intraday low of $0.1426, where support was established. 
Since then, the price has steadied, hanging around the support level, signaling that a consolidation period is imminent. SEI was trading at $0.1422, a 2.22% decrease from the intraday high. Profit-taking by traders who purchased at the support level may account for this drop. 
SEI’s market capitalization fell 1.63% to $255,897,911, while its 24-hour trading volume increased 40.40% to $394,759,480. Despite the recent price drop, this surge in trading volume demonstrates that there is still strong interest and activity in SEI. 
This pattern shows that SEI may have solid support at its present price level, with traders possibly taking advantage of the fall to buy in at a reduced price, expecting a comeback. 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
 <img decoding="async" width="696" height="467" src="https://coinedition.com/wp-content/uploads/2023/08/SEI-1-1.png" alt="" class="wp-image-332916" srcset="https://coinedition.com/wp-content/uploads/2023/08/SEI-1-1.png 696w, https://coinedition.com/wp-content/uploads/2023/08/SEI-1-1-300x201.png 300w, https://coinedition.com/wp-content/uploads/2023/08/SEI-1-1-261x175.png 261w, https://coinedition.com/wp-content/uploads/2023/08/SEI-1-1-380x255.png 380w, https://coinedition.com/wp-content/uploads/2023/08/SEI-1-1-584x392.png 584w, https://coinedition.com/wp-content/uploads/2023/08/SEI-1-1-104x70.png 104w, https://coinedition.com/wp-content/uploads/2023/08/SEI-1-1-133x89.png 133w, https://coinedition.com/wp-content/uploads/2023/08/SEI-1-1-213x143.png 213w, https://coinedition.com/wp-content/uploads/2023/08/SEI-1-1-663x445.png 663w, https://coinedition.com/wp-content/uploads/2023/08/SEI-1-1-368x247.png 368w, https://coinedition.com/wp-content/uploads/2023/08/SEI-1-1-358x240.png 358w, https://coinedition.com/wp-content/uploads/2023/08/SEI-1-1-246x165.png 246w, https://coinedition.com/wp-content/uploads/2023/08/SEI-1-1-314x211.png 314w, https://coinedition.com/wp-content/uploads/2023/08/SEI-1-1-276x185.png 276w, https://coinedition.com/wp-content/uploads/2023/08/SEI-1-1-121x81.png 121w, https://coinedition.com/wp-content/uploads/2023/08/SEI-1-1-112x75.png 112w" sizes="(max-width: 696px) 100vw, 696px"> 
 <figcaption class="wp-element-caption"> SEI/USD 24-… 
 </figcaption> 
 </figure> 
</div> 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/seis-bulls-retreat-from-resistance-can-positive-momentum-rebound/">SEI’s Bulls Retreat from Resistance: Can Positive Momentum Rebound?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

SEI’s Bulls Retreat from Resistance: Can Positive Momentum Rebound?

Coin Edition

Other articles published on Aug 31, 2023

Polygon Partners with WenLlama, Phoenix Labs, and Hexensio to Support ETH

Mimpi di Siang Bolong, SHIB Bisa Terbang 925 Persen? Kapan?

ChainGuardians and SKALE: Pioneering the Next Era of Blockchain Gaming and NFT Exploration

Shiba Inu (SHIB) Symmetrical Triangle Is Here, Here's What Might Happen

Bitcoin Cash Price Analysis: BCH Whales Activity Sparks After Grayscale’s Win Against SEC

Tapbit Exchange WEMIX Listing & Events

Join our free newsletter for daily crypto updates!