search
Homeweb3.0The Sei Price Approaching A Major Resistance Level
The Sei Price Approaching A Major Resistance LevelSep 19, 2024 pm 06:06 PM
SeiSEI price prediction Supercharged PEPE Token

The Sei price rallied more than 20% in the last 24 hours to trade at $0.3386 as of 11:34 p.m. EST. This recent gain by the SEI price was enough to push its weekly performance back into the green with a 15% surge.

The Sei Price Approaching A Major Resistance Level

The Sei price experienced a surge of more than 20% in the last 24 hours to trade at $0.3386 as of 11:34 p.m. EST.

This recent gain was sufficient to push the SEI price into the green for the week with a 15% surge.

The Sei Price Approaching A Major Resistance Level

4-hour chart for SEI/USDT (Source: TradingView)

A bullish falling wedge pattern was validated on the 4-hour chart for the Sei price in the last few hours, resulting in the recent rally. Buyers stepped in as soon as the altcoin approached the $0.2520 support and pushed the crypto’s value above both the $0.2940 and $0.3193 resistance levels. Now, the Sei price is attempting to breach the $0.3501 barrier.

If SEI is able to close a 4-hour candle above $0.3501 in the next 12 hours, then the altcoin will likely continue to rally. However, a rejection from this point could prompt traders to start to take profit. In this alternative scenario, the Sei price might be at risk of dropping below the aforementioned $0.3193 and $0.2940 price points.

Bulls Have Full Control, But The Sei Price Is In Overbought Territory

From a technical perspective, indicators on SEI’s 4-hour chart show that buyers are in control and could keep pushing the crypto’s price higher in the coming 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are showing positive signs.

In the last 24 hours, the MACD line crossed above the MACD Signal line to indicate that the Sei price has entered a positive trend. With the prior breaking away above the latter, it seems SEI’s positive momentum is growing stronger.

Meanwhile, the RSI line also crossed above its Simple Moving Average (SMA) line throughout the last day of trading. After the two lines intersected, the RSI surged from 34 to above 70. This suggests that buyers grew substantially stronger than sellers in the last few hours.

Traders and investors will, however, want to keep an eye on the RSI since high readings generally warn that a crypto is overbought and are subsequently seen as a sell signal. There have been occasions where RSI readings remain high for a sustained period of time. This usually happens when a crypto is pumping.

Given the fact that the Sei price is approaching the $0.3501 resistance level, there is a high probability that the current RSI readings could lead to a brief sell off.

While traders wait to see what SEI will do around the $0.3501 resistance, investors are flocking to the layer-2 meme coin Pepe Unchained (PEPU) for potential 100X gains.

A Framework For The Future Of Meme Coins

Pepe Unchained (PEPU) is on a mission to enhance the popular PEPE token. Through its layer-2 blockchain, the project will not only unlock substantially higher speeds, but will also make it much cheaper for PEPE lovers to send and receive crypto. Anyone will be able to gain access to this improved transactional experience by simply purchasing PEPU.

In the coming weeks, Pepe unchained will also open up its layer-2 capabilities to other meme coin projects to essentially serve as a launchpad for the next generation of tokens while also ushering existing meme coins into a new scalable era.

The team recently launched its Pepe Frens with Benefits campaign. With this initiative, Pepe Unchained will incentivize developers to build applications on its layer-2 network. Grant applications can now be submitted for funding. Each application will undergo a voting process within the Pepe Council.

The push to bring developers and applications to its ecosystem, combined with its meme coin appeal, puts Pepe Unchained in a unique position that could lead to substantial price gains.

A similar sentiment is shared by popular YouTuber ClayBro, who told his 130K subscribers in a recent video that Pepe Unchained has the potential to soar 100X.

Investors Bet Big On PEPU’s Future

Investors have caught on to Pepe Unchained’s potential to make a significant mark in the meme coin space, as evident by the $13.8 million the project has raised in its presale so far.

We're making rapid progress on the $PEPU token raise and Layer 2 Mainnet launch!

The Pepe Unchained developers have built something special, and we can’t wait to roll it out to the public. pic.twitter.com/NMDQ1ZRnmN

— Pepe Unchained (@pepe_unchained) September 18, 2024

There

The above is the detailed content of The Sei Price Approaching A Major Resistance Level. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
Sei [SEI] Price Prediction 2023 - Will SEI Hit $1 This Year?Sei [SEI] Price Prediction 2023 - Will SEI Hit $1 This Year?Sep 13, 2024 am 03:35 AM

Sei [SEI] saw double-digit gains during this week's relief rally and looked poised for an extra uptrend.

Crypto Analyst Michaël van de Poppe Says Ethereum (ETH) May Be Gearing Up for a Massive Breakout Against Bitcoin (BTC)Crypto Analyst Michaël van de Poppe Says Ethereum (ETH) May Be Gearing Up for a Massive Breakout Against Bitcoin (BTC)Nov 08, 2024 am 06:52 AM

In a new strategy session, trader Michaël van de Poppe tells his 733,600 followers on the social media platform X the Ethereum/Bitcoin pair (ETH/BTC) is showing a bullish divergence on the daily chart.

Fantom (FTM) and SEI Price Prediction: Experts Highlight Key Patterns Signalling Potential For Massive GainsFantom (FTM) and SEI Price Prediction: Experts Highlight Key Patterns Signalling Potential For Massive GainsAug 11, 2024 pm 09:21 PM

Fantom (FTM) and SEI are both showing promising technical patterns. Experts suggest these patterns could lead to substantial price increases in the coming weeks.

Sei Network (SEI) Sees A Surge in Users and Transactions Amidst a Broader Market SlowdownSei Network (SEI) Sees A Surge in Users and Transactions Amidst a Broader Market SlowdownAug 12, 2024 pm 06:20 PM

Sei (SEI), a high-performance blockchain optimized for decentralized exchanges (DEXs), has experienced a meteoric rise since its launch.

Cryptocurrency Prices Have Entered a Fresh Bull Market as the Crypto Fear and Greed Index Moves From Monday’s Fear Zone to Over 56Cryptocurrency Prices Have Entered a Fresh Bull Market as the Crypto Fear and Greed Index Moves From Monday’s Fear Zone to Over 56Aug 09, 2024 pm 03:52 PM

Bitcoin has helped this rebound, rallying by over 10% in the last 24 hours. Sui token helped to lead the recovery, rising to $0.8360

Web3's Next Big Bets: Core's Surge and MinePro's Bitcoin Bonanza. SEI Tries To Keep Up.Web3's Next Big Bets: Core's Surge and MinePro's Bitcoin Bonanza. SEI Tries To Keep Up.Aug 24, 2024 pm 03:27 PM

In recent weeks, whales have had their eyes peeled for the latest surges in the cryptocurrency market, searching for projects that not only show promise but also have the momentum to deliver substantial returns.

5 Best Altcoins to Watch5 Best Altcoins to WatchAug 25, 2024 am 06:23 AM

The crypto market is seeing some traces of bullish trends this weekend. The most notable move happened yesterday when BTC broke and pushed into the $60k range

Qubetics (TICS) Promises Exclusivity Amidst Polygon (MATIC) Migration to POL and SEI (SEI) Weekly Price SurgeQubetics (TICS) Promises Exclusivity Amidst Polygon (MATIC) Migration to POL and SEI (SEI) Weekly Price SurgeSep 01, 2024 am 09:09 AM

Have you kept up with what is happening in the cryptocurrency market? If yes, then you should have heard of Qubetics (TICS). It is an innovative layer-1

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Article

Hot Tools

Dreamweaver CS6

Dreamweaver CS6

Visual web development tools

ZendStudio 13.5.1 Mac

ZendStudio 13.5.1 Mac

Powerful PHP integrated development environment

Atom editor mac version download

Atom editor mac version download

The most popular open source editor

SublimeText3 Mac version

SublimeText3 Mac version

God-level code editing software (SublimeText3)

Safe Exam Browser

Safe Exam Browser

Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.