Sei (SEIUSD) Price Movement Could Reach the $0.9000 Supply Level

Sei (SEIUSD) Price Forecast: January 8
SEIUSD holds a recovery opportunity with a bullish reversal pattern. The coin price movement could reach the $0.9000 supply level as it faces the upper channel. If the bulls could increase their efforts in the market, the $0.9000 upper resistance value might be the target as the coin price continues to rise further. Hence, a great opportunity and a clear buy signal for long-term investors.

Key Levels:
Resistance Levels: $0.6500, $0.7000, $0.7500
Support Levels: $0.4500, $0.4000, $0.3500

SEI (USD) Long-term Trend: Bullish (4H Chart)
Sei’s market value is rising in the long term. The coin price movement could reach the $0.9000 supply level as the crypto is now trading above the EMA-9, approaching the overhead resistance with massive volume from the bulls. As a result, the recent market structure has favored bulls.

The pair reached and held the $0.6642 resistance level during yesterday’s session. As a result, the coin has been able to maintain its recent uptrend.

Today’s 4-hourly bullish candle at a $0.6824 supply value above the EMA-50 confirms the bulls’ dominance in the market. This breakup may accelerate the bullish momentum and extend the ongoing correction to a higher level.

Additionally, the SEIUSD price movement could reach the overhead resistance soon and increase further as the market price has also reached the bearish exhaustion as indicated by the daily signal pointing upwards in the oversold region.

In light of this, the coin price could reach the $0.9000 upper resistance level in the nearby days and beyond in its higher time frame.

SEI (USD) Medium-term Trend: Bearish (1H Chart)
The coin is displaying a bearish posture in its medium-term outlook. This is due to the high inflow from the short traders. Meanwhile, the bulls have resumed the correction rally and the price movement could reach the upper channel soon.

The order flow by the sell-term traders at the $0.6379 low value during yesterday’s session has made the SEIUSD price reduce a bit in price in its recent price level.

The market price of Sei has just resumed its recovery pattern at the $0.6824 supply level below the EMA-50 as the 1-hourly chart opens today; this affirms the presence of more buyers in the market and the price movement could reach the $0.8829 previous high and increases further.

Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $0.8829 previous high, the resulting price movement could reach the $0.9000 psychological level at the upside in the days ahead in its medium-term perspective.

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