#Crypto Market Rebound#  Sei price prediction

The Sei gained momentum after breaking the 50-day SMA ($0.21) on Monday and broke above the $0.29 resistance on Tuesday.

However, buyers failed to sustain the higher levels and the price dropped below the $0.29 level on Wednesday. A positive sign in favor of the bulls is that they have pushed the price back above the $0.29 level. The 20-day EMA ($0.23) has started to turn upwards and the RSI is in the positive territory, suggesting that the path of least resistance is to the upside. The SEI/USDT pair could rally to $0.35 and then to $0.43.

If the price turns down and breaks below the 20-day EMA, this positive view will be invalidated in the near term. This could pull the pair down to $0.19 and then to $0.15.

Both moving averages are sloping upwards and the RSI is in positive territory, which suggests that buyers are gaining an advantage. If the price stays above $0.30, the pair could rally to $0.33.

Sellers are likely to have other plans. They will try to push the price below the 20-EMA. If they succeed, the pair could drop to $0.27 and then to the 50-SMA. Buyers are expected to defend the 50-SMA fiercely, as a deeper pullback could delay the resumption of the
uptrend.

#SEI#