Accumulate

bullish

2024

Mirror

<p><a href="https://captainaltcoin.com/market-analyst-claims-sei-is-printing-could-sei-price-hit-1-before-year-end/" target="_blank" rel="noopener noreferrer nofollow">Sei Network’s token, SEI,</a> has shown a robust 62% increase, reflecting strong bullish momentum.&nbsp;</p>
<p>Crypto analyst Patric H. highlighted the breakout in a tweet, pointing out the token’s movement within an ascending channel and its approach to key Fibonacci levels. The analyst also expressed optimism that SEI could emulate the performance of$SUI, suggesting further potential for growth.</p>
<h2 class="wp-block-heading" id="strong-sei-s-ascending-channel-and-price-breakout-strong"><strong>SEI’s Ascending Channel and Price Breakout</strong></h2>
<p>The SEI chart reveals an ascending channel marked by consistent higher highs and higher lows. This channel has provided a clear framework for the token’s bullish trajectory.&nbsp;</p>
<p>Lately, SEI broke out above the channel, reaching the 0.5 Fibonacci retracement level at $0.6740, indicating strong buying interest. However, the price has returned within the channel boundaries, now trading near $0.6279, slightly below the resistance level.</p>
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   <p lang="en" dir="ltr">It's always nice to see an idea playing out.<a href="https://twitter.com/search?q=%24SEI&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SEI</a> is up 62% since my publicly shared average entries.<br><br>What's next?<br><br>So far, SEI has broken out of the local channel to reach the 0.5 FIB level. We can expect 1-3 days of consolidation before the next leg up.<br><br>I'm confident SEI… <a href="https://t.co/C1vlhkiOQT" target="_blank" rel="noopener noreferrer nofollow">https://t.co/C1vlhkiOQT</a> <a href="https://t.co/rQkjXPOWB1" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/rQkjXPOWB1</a></p>— Patric H. | CryptelligenceX (@CryptelligenceX) <a href="https://twitter.com/CryptelligenceX/status/1860913316672999584?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 25, 2024</a>
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<p>Patric H. mentioned that a retest of the channel could present a strategic entry point for traders. If the price holds at the lower boundary, it may confirm continued upward momentum.&nbsp;</p>
<p>Key support zones include the 0.382 Fibonacci level at $0.5627 and the channel’s lower boundary. At publication, <a href="https://www.coingecko.com/en/coins/sei" target="_blank" rel="noopener noreferrer nofollow">SEI trades at $0.6293</a> with a 24% increase over the week.</p>
<h2 class="wp-block-heading" id="strong-sei-s-next-potential-targets-strong"><strong>SEI’s Next Potential Targets</strong></h2>
<p>Fibonacci retracement levels play a critical role in identifying potential support and resistance zones. The 0.5 level at $0.6740 has acted as a resistance point, where the token is currently consolidating. Should SEI surpass this level, the next targets could be $0.7953 (0.618 Fibonacci level) and $0.9437 (0.786 Fibonacci level).&nbsp;</p>
<p>A full retracement to the 1 Fibonacci level at $1.1455 remains a long-term possibility if the bullish trend persists. On the downside, failure to hold above $0.5627 could lead to a revisit of the channel’s lower boundary, which has previously acted as strong support.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/bitcoin-whales-accumulate-despite-btc-price-retrace-below-95k/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Bitcoin Whales Accumulate Despite BTC Price Retrace Below $95K</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-analyst-s-insights-and-comparison-to-sui-strong"><strong>Analyst’s Insights and Comparison to SUI</strong></h2>
<p>Patric H.’s tweet draws attention to SEI’s upward movement and compares it to $SUI, hinting at similar growth potential. He noted the breakout to the 0.5 Fibonacci level and suggested a possible consolidation phase of 1–3 days before the next leg up.</p>
<p>The analyst emphasized the importance of observing a retest of the channel’s lower boundary for traders seeking to capitalize on the trend. His confidence in <a href="https://ambcrypto.com/sei-crypto-market-confidence-grows-as-3-key-areas-surge/" target="_blank" rel="noopener noreferrer nofollow">SEI’s trajectory</a> aligns with the visible bullish patterns on the chart.</p>
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<p>The post <a href="https://captainaltcoin.com/sei-price-surges-62-as-analyst-predicts-next-targets-can-it-mirror-suis-growth/" rel="noopener noreferrer nofollow">SEI Price Surges 62% as Analyst Predicts Next Targets: Can It Mirror SUI’s Growth?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

SEI Price Surges 62% as Analyst Predicts Next Targets: Can It Mirror SUI’s Growth?

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