SEI is showing signs of breaking out of its accumulation phase on the Bitcoin trading pair. This range is typically a consolidation period where the price moves sideways, gathering momentum for a significant move. On the chart, the key level to watch is the blue zone, which represents a resistance area. If SEI manages to break above this level, it could signal the beginning of a new bullish trend. This breakout would indicate that buyers are gaining strength, potentially driving the price higher. If the breakout occurs, there’s a strong possibility that SEI could enter a rally aiming for its all-time high (ATH). Historically, such moves after accumulation often lead to rapid price increases as market sentiment shifts bullish. Traders and investors should watch for confirmation of the breakout, as it could provide an opportunity to ride the momentum during this potential upward trend.
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