SEI Technical Analysis in 2-Day Timeframe

2 thg 8

Hello everyone, I'm Cryptorphic. 
For the past seven years, I've been sharing insightful charts and analysis.
Follow me for:

~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let's dive into this chart analysis:

The SEI token is in a bearish trend and is currently close to the support range. A couple of weeks ago, SEI attempted to break the resistance trendline but was rejected.

With the current price action, it is likely to see SEI hitting the support range between $0.227 and $0.280.

A rebound is likely expected from the support range, potentially rallying to $1, the all-time high.

Key levels:

- Support/Accumulation: $0.227 to $0.280.
- Primary Resistance: $0.32.
- Target: $1.
- Invalidation: A close below the support level.

DYOR. NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you'd like to see!

Thank you!