CandleFocus

SEI Climbs 60% to $0.65, But Liquidation Concerns Persist

Author: Content Editor
The cryptocurrency SEI has seen a 60% increase in the last two weeks and has gained bullish momentum after a pullback. It is currently trading at $0.5264, with a 14% increase in the past 24 hours. The trading volume is $783.84 million and the Total Value Locked (TVL) is $207.32 million. However, concerns about liquidation risks remain despite the growth. SEI's price action suggests a clear upward trend, with a breakout point suggesting a target of $0.65. Resistance is at $0.5460 and support is around $0.4414. The bullish outlook is supported by the Alligator lines and the Supertrend. Liquidation risks are growing for shorts as the price rises, while long positions face greater risk if prices fall. Liquidation clusters are forming at $0.514 for long positions and $0.550 for shorts. The next price moves will be crucial in determining the continuation of the bullish momentum.

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