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SEI Hovers Around $0.29 as Traders Await Breakout

SEI's price struggles to break above $0.30. Traders watch support levels closely, hoping for a rebound in momentum.

In this image I can see few coins.
In this image I can see few coins.

SEI Hovers Around $0.29 as Traders Await Breakout

SEI's price stands at $0.29, down 2.11% in the past 24 hours. The stock market is cautious, with traders closely watching support levels. A decisive push above $0.30 is needed to regain short-term momentum.

SEI's circulating supply exceeds 6.12 billion tokens, indicating liquidity. However, recent price action shows traders reducing risk. SEI's market capitalization is $1.79 billion, placing it among the top 90 crypto assets by size.

The Chaikin Money Flow (CMF) is at 0.00, reflecting neutral capital flows and balanced inflows and outflows. SEI's price has rebounded but lacks strong continuation momentum. Daily trading volume is $158.9 million, suggesting moderate activity but not breakout rallies. Open interest has stabilized around $118 million, indicating a lack of aggressive commitment to new positions.

SEI's price hovers around $0.29, with traders awaiting a decisive move above $0.30 for renewed momentum. Capital one market uncertainty persists due to a lack of conviction from major holders. Traders should closely monitor support levels and capital flows for any significant changes.

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