Sei (SEIUSD) Price Forecast: January 6
The SEIUSD pair is possibly trending up to the new resistance levels after hitting the $0.7054 low level to signal a pump. Thus, a strong push from the current price at the $0.7375 supply value above the supply trend levels will put the crypto in a bullish trend and this may further extend to a $0.9000 resistance level resulting in intraday gains for the buy traders.
Key Levels:
Resistance Levels: $0.6000, $0.6500, $0.7000
Support Levels: $0.4500, $0.4000, $0.3500
SEI (USD) Long-term Trend: Bullish (4H Chart)
The sei market is trending up to new resistance levels and also remains bullish on the higher time frames. This is clear as we can see the prices trading above the EMA-50.
The sustained bullish pressure was able to push the coin price upside to a $0.7229 high level before the end of yesterday’s session; this has enhanced the crypto price to remain firm above the supply levels in its recent high.
After completing the low-dips at the $0.7054 low value, the SEIUSD price found a reliable resistance at the $0.7375 value as a pullback above the moving averages as the 4-hourly session resumes today as it continues trending up to the new resistance trend levels.
Thus, it is very likely that the bulls will continue trending up as we are seeing a bullish correction in place at the present. A strong breakup above the $0.8704 resistance point would strengthen the bullish pressure.
Similarly, the Sei price may likely continue trending up as indicated by the daily stochastic which is pointing in an upward direction. As a result, the upcoming bullish correction phase may reach a high at the $0.9000 value soon in its higher time frame.
SEI (USD) Medium-term Trend: Bearish (1H Chart)
SEIUSD price is also trending up to the new resistance levels after the recent reversal at the $0.7351 supply value in its medium-term outlook. The coin price can be seen trending up below the EMA-50 which confirms its bearishness.
The aggressive move by the bulls to the $0.7375 resistance value below the moving average lines as the 1-hourly chart opens today, suggests that buyers are coming in a grand style to dominate the market and sellers are getting weaker.
Hence, we have a bullish bias that the price of Sei will continue trending up to the upsides if the buying pressure should increase which might further lead the coin price to the $0.9000 upper high trend line in the coming days in its medium-term perspective.
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