SEI Outperforms in Unstable Market

Daan observed that token has been able to increase while many other assets have been under pressure. This is even more so since the market has been characterized by this volatility in the recent past.

SEI has demonstrated healthy performance in the crypto market even during different cycles of low volatility. In the past few weeks, the cryptocurrency has been on an uptrend that set it apart from most of its counterparts. Daan Crypto Trades expressed his sentiment on the upside movement on SEI in a post on X.

Amid such conditions of a general market turbulence, token has been demonstrating its continued drive.

$SEI Has been doing relatively well the past few weeks and even trended up during all the recent chaos.

This has taken out all the liquidity by sweeping those August lows.

Currently trying to get above this local high volume area which would lead the way open to ~$0.33 pic.twitter.com/DG4BiOC7t

— Daan Crypto Trades (@Crypto__Daan) October 26, 2023

SEI Outperforms in Unstable Market

Daan observed that token has been able to increase while many other assets have been prBeacon Chainade and the market is slowly recovering. This is even more so since the market has been characterized by this volatility in the recent past. On the other hand, SEI seemed to maintain an upward trend, unlike the other cryptocurrencies that took a long time to regain their positions. This has drawn the interests of the traders and investors who are always on the lookout for good prospects.

At the moment, token resides at the region of a high volume in a price chart with the slope indicating a critical resistance level. The price got to this area, so getting past it would open new area of possibilities. However, if token has managed to overcome this resistance, the way is paved for the next major level at close to $0.33.

SEI’s Price Trend and Outlook

At the time of writing, token is trading at $0.2671 and has increased by 4% from the previous week.They nonetheless show a positive technical price trend in the near term. Currently, it has 4.65 billion tokens in circulation and has a market capitalization of roughly $1.24 billion.

The post SEI Shows Promise as It Attempts to Break Through High Volume Area on Chart-Analyst appeared first on Chain Link Network.