SEI Price Analysis By An Analyst Showcases A 10x Expectation!

10 juil.

An analyst @CaptToblerone has shared his optimistic view on SEI crypto via tweet post on the X platform, where he highlights a shared drawing of his on 12-day TF. In that image, he shared an intense utilization of various trading view tools and illustrated that price could attain nearly 10x run up to $5.
The analyst-shared image also showcases that the price has shown a robust sustenance gesture and has shown a liquidity grab on 12-D TF, which also goes by hammer candlestick.

Based on the analyst's bullish perspective, the daily chart highlights sustenance characteristics at $0.2546. At press, it has traded at $0.3293, which appears to be approaching dynamic EMA hurdles of 50-day and 200-day.

Meanwhile, the RSI flashed at 45.57, which has taken a U-turn from the oversold territory of 30 and seems headed towards an overbought of 70. MACD has built a bullish cross below the zero line, with a growing histogram at 0.0058.

If the SEI pops out a breakout from the falling wedge, then the resistance could be present at $0.6000 and $0.7500, respectively.

On the contrary, failing to pass the dynamic upper trendline could shake off toward the demand zone at $0.2546 and $0.00974.