SEISEI Hits Stratospheric Highs: Unveiling the Bullish Surge Amid Partnership Triumph
In a sensational turn of events, Sei (SEI) has catapulted to new heights, experiencing a staggering 50% surge and reaching an unprecedented all-time high (ATH) at $0.355464. As the 79th largest cryptocurrency by market cap, SEI’s meteoric rise, now valued at $772,043,882, has raised eyebrows and ignited discussions about its future trajectory.
Partnership Power and EVM Support: Driving Forces Behind SEI’s Rally
Fueling this astronomical ascent is Sei’s strategic partnership with Circle, the driving force behind the second-largest stablecoin, USDC. Additionally, Sei’s embrace of the Ethereum Virtual Machine (EVM) has added an extra layer of momentum to its surge. These groundbreaking developments, announced just last month, have set the stage for SEI’s impressive performance, reaching and surpassing its previous ATH of $0.295 in November.
Trading Volume Surge and Social Buzz: Indicators of Unprecedented Momentum
SEI’s surge is not merely numerical; it’s backed by tangible indicators of market enthusiasm. The trading volume for SEI has skyrocketed by an astonishing 413% in the last 24 hours, totaling a remarkable $725,373,521. This surge has crowned SEI as the top 24-hour gainer among the elite top 100 cryptocurrencies, according to CoinMarketCap.
Simultaneously, the social volume surrounding SEI has witnessed a remarkable 154% increase. Platforms like Telegram and X have become hubs of discussions, with crypto enthusiasts and investors actively engaging in conversations about SEI’s extraordinary surge. The community’s fervor, coupled with financial growth, paints a vivid picture of SEI’s current dominance in the digital currency landscape.
SEI’s Open Interest Skyrockets: What Lies Beyond?
A noteworthy aspect of SEI’s recent surge is the significant spike in total open interest (OI), soaring by an impressive 123% within a single day. The figure has ascended from $33.8 million to an impressive $75.4 million. However, the distribution between long and short positions remains a mystery, leaving room for speculation about the underlying dynamics at play.
Technical Analysis: Navigating the SEI/USD Landscape
Delving into the technical intricacies, the Chaikin Money Flow (CMF) on the SEI/USD price chart reveals a positive trend with a rating of 0.37. This suggests a prevailing buying pressure in the SEI/USD market, where the influx of money exceeds the outflow, potentially propelling its price even higher.
On the flip side, the stochastic RSI value for SEI/USD stands at 77.08, signaling an overbought condition. This might trigger a short-term correction or consolidation as investors consider capitalizing on profits. A high or rising stochastic RSI rating could hint at potential corrections or declines in SEI/USD prices.
Conclusion: Balancing Act for SEI Amidst Bullish Triumph
In conclusion, Sei (SEI) has scripted a remarkable saga with its explosive surge to all-time highs. The partnership with Circle and EVM support has undeniably propelled SEI into the limelight. The surge in trading volume, social engagement, and open interest paints a bullish narrative, yet the cautionary notes of overbought conditions linger.
As SEI enthusiasts revel in the euphoria of its unprecedented rise, the balancing act lies in acknowledging the potential for short-term corrections amidst the bullish triumph. The journey ahead for SEI promises excitement and intrigue as market dynamics continue to unfold.
SEIUSDT trade ideas
Back to break renge zone (SEI)❤️❤️Thanks for boosting 🚀 and supporting us!
📈now we are in bull 5-candle and need to resting in bull-trend that with back-to-break last renge zone.
📊 (Buy) : 0.301
🔴 Stop Loss : 0.272
🎯 Take Profit : 0.321 - 0.350 - 0.371 - 0.402
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👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
#SEI/USDT#SEI/USDT
An increase of nearly 300% has been achieved in a short period
Now we have a period of forming an ideal head and shoulders pattern
We are now at the formation of the right side of the model
A rebound is expected to form the right leg at .2760
Before completing the drop to levels
The first target is 0.2238
The second target is 0.2065
The third goal. 1897
SEI Token Surges 35%, Reaching New All-Time HighSei (SEI) has been registering notable gains over the past month with the asset’s recent rally over the 24 hours helping it reach a new all-time high (ATH).
SEI surged by 35% in the past 24 hours and is currently trading at $0.2659, marking a new ATH. The asset’s market cap stands at $645 million at the time of writing. Data shows that Sei’s daily trading volume has surpassed its market capitalization, hovering around the $656 million mark.
It’s important to note that only 2.175 billion SEI tokens have been added to its circulating supply so far, which has a total supply of 10 billion coins.
Moreover, Sei registered an 85% and 170% surge over the past week and past 30 days, respectively.
SEI is still sailing in the bullish zone as it’s above the $0.22 support zone. A price plunge below the $0.20 resistance zone could potentially put the asset in a highly volatile condition.
Last week, SEI registered a 91% surge in seven days after a strategic investment from Circle, the issuer of the second-largest stablecoin USDC.
Sei blockchain to add Ethereum Virtual Machine support in V2 upgrade
Trading-focused Layer 1 blockchain Sei will add support for the Ethereum Virtual Machine (EVM) in its upcoming version 2 (V2) upgrade. This will enable developers to port Ethereum-based contracts over to the network and use them on it.
To add this feature, Sei V2 will incorporate Geth, a Go implementation of the Ethereum Virtual Machine. Geth is the most widely used Ethereum client software.
Expanding on Sei V1
Sei has been operational on the mainnet beta since the V1 launch in August, offering support for Cosmos smart contracts written in Rust. With Sei V2, the team behind it aims to broaden its appeal to a wider range of developers. The development will add a fully parallelized EVM-compatible layer with sub-second finality (the speed at which transactions are confirmed).
What is Sei?
Sei is a Cosmos SDK-based proof-of-stake blockchain, designed to be optimized for trading with its ability to execute sub-second blocks. In April 2023, Sei Labs, the core developer of the network, raised $30 million in two strategic funding rounds from venture firms including Jump and Multicoin Capital.
With functionality that supports fast decentralized trading, Sei targets a specific niche where it competes with other Cosmos chains like Osmosis, Kava, Injective, Neutron and Kujira.
SEI 1hr TF inefficiency and bullish OBSEI is looking to do a little correction to the bullish OB below but as we can see there is inducement prepared for retail trader... So, look to take the long from OB below the inefficiency...
Wait for entry and always learn to manage your risk with proper RM
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Sei After A Successfull Trade Here Is The Second One. Welcome to our crypto exploration hub! We're here to navigate the exciting world of digital assets, providing you with comprehensive insights into market dynamics and potential trading opportunities.Our mission is to decode the crypto market's mysteries and equip you with the knowledge you need to make informed investment choices. From the latest developments in Bitcoin to the hidden potential of various altcoins, we're your trusted source for daily technical analysis.While technical analysis is a valuable tool, it's important to remember that it's just one piece of the puzzle. We encourage you to take a well-rounded approach to your investments, considering factors like macroeconomic trends, news, and community sentiment.Join us for the freshest analyses, and don't hesitate to join the conversation in the comments below. Keep in mind that our content is purely for educational purposes and should not be construed as financial advice. Always integrate it into your broader investment strategy."
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• Warning •
Any deal I share does not mean that I am forcing you to enter into it, you enter in with your full risk, because I'll not gain any profits with you in the end.
The risk management of the position must comply with the stop loss.
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#SEI#SEI on H4 I see continuation of the pump up to $ 0.3074.
On D TF
At the moment, the $0.2186 level is the support level.
If the coin is consolidating or above this level, then the coin is likely to continue its upward movement to $ 0.3074, where we can see a bearish reaction and most likely a decline to approximately $0.2467 (n.1 - 3), where the main thing is to see that the price is held above $ 0.2467, then we can see more one move up as much as 0.3942$ (n.4)
0.3942$ - the level is also a resistance, only breaking through this level will give an increase to 0.4803$ and possibly higher.
Or the coin breaks through the level of 0.3074$, closes with H4, H12, D candles above this level, then of course the coin will continue its growth to the next value of 0.3942$ (n.5)
Option number 2 is if there is a closing of H4, H6, etc. below $0.2186, then the continuation of the global upward movement is possible from $0.1767 - $0.1886
Closing below these ( $0.1767 - $0.1886) values leads to a bearish trend. Where bounces are possible from the following values, which are indicated by green lines on the graph.
Why Is SEI Pumping?SEI has spiked by 28% today and more than 80% in the last 4 weeks. With its price presently at $0.2, what is causing this sudden pump and how high can it go?
What Is the SEI Token?
The SEI token is the native digital currency of the Sei blockchain network. Developed by Sei to facilitate decentralized exchange functionality, SEI was designed to provide developers with a robust technological infrastructure for building secure, efficient applications and services.
SEI is breaking out of its supply zone around $0.19. With a 24-hour trading volume of $441,026,634 USD. Sei is up 26.33% in the last 24 hours. with a live market cap of $364,305,964 USD. It has a circulating supply of 1,800,000,000 SEI coins.