CandleFocus Sei Network Price Took U-turn, Does It Have Potential To Make It Big?
2024-10-13
Author: Content Editor
The Sei Network (SEI) has shown a bullish trend recently, breaking through a descending trendline and displaying positive momentum. The price has the potential to reach $1 and even $5-$10 in the long term. Buyers may enter the market if the price surpasses the last swing high, supported by trading volume. However, there is a risk of sellers trapping buyers if there is resistance at the recent high. Technical indicators, such as the MACD and RSI, signal a bullish outlook and may attract more buyers. Monitoring the price's reaction to the key moving average is crucial for predicting future movements.
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