Sei (SEIUSD) Price is set to grow more

Sei (SEIUSD) Price Forecast: January 4
The Sei market price is set to grow more as we are seeing a bullish correction in place. The coin price is now facing the positive side while making new corrections. If the price makes a retest at a $0.8003 previous high mark, then the coin price may jump up to hit the $0.9000 supply trend line and beyond, which indeed will be a great turnaround and a clear buy signal for the coin holders.

Key Levels:
Resistance Levels: $0.5000 $0.6000 $0.7000
Support Levels: $0.3500, $0.3000, $0.2500

SEI (USD) Long-term Trend: Bullish (4H Chart)
The SEIUSD pair is set to grow more with a bullish sentiment in its long-term outlook. This is clear as we can see the prices trading in a rising channel above the moving average lines indicating a bullish trend.

However, the previous action at the $0.7723 high level has sustained the coin price to remain above the trend line in its recent high.

The coin price finds reliable resistance at around the $0.7480 level above the EMA-50 as the 4-hour chart opens today. This is a result of more concerns from the buy investors.

Therefore, should the bulls increase their swagger in the market, the price is set to grow more and surge higher above the key resistance levels at $0.8003. This, however, will create a strong area of interest for the buy investors.

Further, the Sei price is pointing up indicating an uptrend on the daily stochastic; it means that the SEIUSD price is set to grow more, thus, buying pressure will continue. As a result of that, the bullish race might reach the $0.90000 resistance level soon in its higher time frame.

SEI (USD) Medium-term Trend: Bullish (1H Chart)
Despite the interference of the sell traders on the medium-term outlook, the SEIUSD pair is in an upward move. The coin market is set to grow as we can see bulls clustering around the market for potential growth soon.

However, the bulls’ pressure at the $0.7304 supply level has enabled the Sei price to stay in an uptrend in recent times.

The market price of SEIUSD which increases to a $0.7480 high level above the EMA-50 suggests an improved bullish market sentiment. Thus, closing the 1-hour session above the $0.8003 will put the trade more on the buy side.

In addition, the coin price is set to grow more as indicated by the daily signal which is pointing in an upward direction. If additional selling power is prevented, a post-retest rally may drive the price of Sei higher to hit the $0.9000 upper resistance level soon in its medium-term time frame.

Buy Sei on Longhorn