Tag: altcoin establishes accumulation

Sei Price Rebounds from Key Support Signaling Start of New Bull Cycle

The post Sei Price Rebounds com. The token trades around $0. 18, supported by strong volume and investor confidence. Maintaining support above $0. 175 could trigger a breakout toward $0. 20 and potentially $0. 286 in the coming sessions. Sei shows renewed bullish momentum as analysts iWantCoinNews and RedDog highlight a long-term accumulation breakout and bullish divergence near $0. 15. The Altcoin Establishes Accumulation Zone Near $0. 10-$0. 12 Sei Network’s native token has displayed a steady recovery after forming a long-term accumulation base around the $0. 10-$0. 12 zone. This region, visible on the daily chart, has acted as a consistent area of buyer activity since early 2024. The zone has served as a launching point for renewed upward momentum each time the token revisited this price range. Analysts note that its repeated respect for this support suggests an established foundation that continues to attract long-term investors. According to data from Binance, SEI’s structure shows multiple accumulation phases followed by rising higher lows, pointing to sustained market confidence. The chart shared by analyst iWantCoinNews illustrates this pattern as part of what he described as “The Path to Retirement.” The setup indicates that the recent price behavior could mirror the early stages of previous bullish cycles in other layer-one blockchain tokens. Market Activity Reflects Strengthening Price Momentum In the past 24 hours, the asset recorded a gain of approximately 3. 10%, trading near $0. 18. The token’s market capitalization stands at around $1. 14 billion, with trading volume over $118 million. These figures show growing market activity and steady liquidity across exchanges. 171 to $0. 186 amid volume levels surpassing $121 million. This movement indicates that investor activity has increased within the current trading range. The rise in trading volume coincided with stronger buy-side participation, suggesting that investors may.