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Will the coin $SEI manage to hold the equilibrium zone? 🚀
{future}(SEIUSDT)
The technical analysis shown #SEIUSDT on the 30-minute timeframe indicates the current status of SEI; the price is moving in a critical zone where price action intersects with significant technical levels, trying to determine its next direction.
Here’s the technical reading of the current scene:
Price Action: The price is trading at $0.04748, making a continuous attempt to hold above the pivot point, with a close watch on how it interacts with the moving averages that still act as a barrier above the current price level.
Pivot Point (PP): It stands at $0.04726, which is the area everyone is watching as a balance line; staying above it boosts the chances of technical optimism, while falling below may renew selling pressures.
Resistance Levels: If bullish momentum strengthens, targets are set at $0.04872, then $0.04968, reaching up to $0.05067 and $0.05199.
Support Levels: The protection zones at $0.04618 and $0.04547 form the foundation that traders build their defenses on to maintain the current price structure, with additional support at $0.04448.
In your opinion, do we see SEI settle above the pivot point (PP) to target the upcoming resistances, or are we facing a re-test of the support levels? 🧐
#SEI #Crypto #Aymonacci #crypto