CandleFocus

SEI/BTC Consolidates as 800 Sats Resistance Holds the Key to a Bullish Breakout

Author: Content Editor
SEI is currently consolidating against Bitcoin and has been trading within a defined accumulation range. Market analyst Michaël van de Poppe believes that a significant breakout has yet to occur, but if the price clears 800 sats, a new all-time high could follow. The SEI/BTC chart shows a sharp upward rally followed by a steep decline, but buyers consistently prevented further downward movement. SEI recently reclaimed a support level, which renewed buying interest and led to an attempt to test a resistance zone. However, the price was rejected at this level. A breakout above the 800-sat threshold could signal a new trend reversal and attract increased participation from buyers. The relative strength index currently reflects balanced market conditions, and volume data indicates moderate trading activity during the support reclaim. Traders are closely monitoring SEI's price and await confirmation of a trend reversal.

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