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Cryptocurrency News Articles
SEI's 24% weekly surge catches you off guard? With markets moving fast, those who hesitate often miss golden opportunities.
Feb 27, 2025 at 12:15 am
Qubetics ($TICS) is not just another blockchain—it's a Web3 aggregator solving interoperability issues that have plagued crypto for years.
SEI price has surged 24% this week, breaking a key resistance level and setting up for a potential 60-70% rally, analysts say. The ultra-fast blockchain is gaining serious traction in DeFi, with demand for SEI’s high-performance network continuing to rise.
As SEI price breaks through the $1.05-$1.10 resistance, it could open the door for a substantial move, potentially reaching the $1.7-$2.0 levels, which represents a 60-70% increase from current prices.
SEI is one of the best cryptos to hold in the short term, especially if it manages to close a full week (Sunday to Sunday) above the $1.10-$1.15 band. This would indicate a clear shift in market structure, paving the way for a continuation of the uptrend.
SEI price has also managed to stay above the 50-week exponential moving average, further attesting to the bullish momentum.
On the other hand, if SEI price pulls back and breaks the $0.80 support level, it could indicate a return of selling pressure, which might stall the rally and set up SEI for a retest of lower support levels.
SEI price is currently trading at $1.07, with a 24-hour trading volume of $253,533,278. SEI has a circulating supply of 540,000,000 SEI and a fully diluted valuation (FDV) of $1,008,000,000.
SEI is ranked 61, while ICP is ranked 19, according to the latest cryptocurrency ranking.
Internet Computer (ICP) price has dropped 11.64% in the past 24 hours to $6.12, while trading volume has surged 67.35% to $131.18 million.
The large move in price and volume signals that big money is moving ICP, setting up either for a decisive breakout or a deeper fall.
At a market cap of $2.94 billion and a fully diluted valuation (FDV) of $3.25 billion, ICP is still a relatively large asset, and its circulating supply of 481.28 million ICP makes it one of the more liquid assets in the crypto space.
If accumulation continues and buyers manage to push ICP price higher, the next resistance level to watch will be the 50% Fibonacci retracement level of the 2021 bull market at around $9.8. A break above this level could open the door for a continuation of the 2021 bull market, setting up ICP price for a potential move towards the all-time high of $14.
On the other hand, if sellers regain control and ICP price drops below the key support level of $5, it could indicate a continuation of the bear market, setting up ICP for a retest of the 2023 lows of around $3.
The technical indicators suggest that the momentum is still in favor of the sellers, but the RSI is showing signs of oversold conditions, which could set up ICP for a potential rebound in the coming days.
Stay tuned for more updates on the Internet Computer price and analysis.
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Image Credit: Benzinga
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