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SEI’s Price Declines – Can It Blast Past $0.40 or Face a Brutal Sell-Off?

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8 hour ago

SEI’s Price Declines – Can It Blast Past $0.40 or Face a Brutal Sell-Off?

SEI has shown an upward trend throughout market fluctuations after it recovered from previous liquidity episodes. The high resistance area at $0.33 stands before SEI as the company works to surmount it and potentially target the $0.33 price level. The absence of holding current price levels will prompt traders to assess potential support areas at $0.2410 and $0.2024. SEI has demonstrated resilience in recent weeks, maintaining an upward trajectory despite broader market volatility. The cryptocurrency has managed to recover from previous lows, particularly after sweeping liquidity from August’s support levels. As it now tests a key resistance zone, market participants are closely watching whether it can sustain this momentum and break through critical levels. Liquidity Sweep and Price Levels SEI experienced a new upward trend after its previous price floor received a liquidity sweep from August. The price drops below important support areas trigger stop-loss orders through liquidity sweeps that often precede price increases. The ability of SEI to recover from this price point implies that buying interest started to appear at lower values thus leading to the price resurgence. $SEI Has been doing relatively well the past few weeks and even trended up during all the recent chaos.This has taken out all the liquidity by sweeping those August lows.Currently trying to get above this local high volume area which would lead the way open to ~$0.33 pic.twitter.com/DG4BiOC7ot — Daan Crypto Trades (@DaanCrypto) February 27, 2025 At present, SEI is attempting to break above a local high-volume area, a level where significant trading activity has previously occurred. Currently Sei is trading at $0.2627 with a price decline of 2.7% showing negative momentum in the market. If it successfully clears this zone, it could open the path for a further rally toward $0.33. Volume profile indicators suggest that above the current resistance, there is relatively less friction, which could allow for a smoother upward move. However, failure to hold above this zone could result in a retest of support levels around $0.2410 or even $0.2024. Potential Outlook and Market Sentiment If SEI continues to hold above its recent lows and maintains its upward structure, it may attract additional buyers, reinforcing its recovery trend. On the other hand, a failure to sustain this move could indicate that the recent rally was driven by short-term positioning rather than broader market strength. Future market sessions will demonstrate if SEI maintains its upward trend or indicates more seller activity. Current traders monitor SEI to determine if its market strength represents an ongoing trend reversal or a brief adjustment caused by fluctuations in liquidity.

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