SEI Poised for Breakout as TRUMPs Project Accumulation Strengthens Market Confidence
- SEI is recovering, up 11% in the last 24 hours, trading at $0.2037.
- TRUMPs project accumulated SEI, fueling speculation of institutional interest.
- SEI is in the accumulation zone at $0.20 to $0.15 with the possibility to breakout above $0.50.
- Long-term targets include $1, $3, $5, and $10 if momentum continues.
Sei (SEI) is on the positive price trajectory and experiencing surge in its value and recovering from recent lows. Over the past week, SEI is down by almost 10% while in the last 30 days SEI is down by 11% mirroring recent bearish phase that hit the overall market recently.
Over the last 24% SEI showing bullish signs and up by 11% with trading price of $0.2037. Moreover, its trading volume is also experiencing surge and up by 7% in the last 24 hours with a 24-hour trading volume of $216.24M, market cap of $951.96M.
TRUMPs Project Accumulates SEI
A significant development adding to SEIs positive outlook is the recent accumulation by Donald Trumps project. According to Arkham data, World Liberty Fi (WLF) recently transferred $25 million USDC to a separate wallet.
A portion of these funds was then used to purchase $100K worth of SEI on Ethereum before being sent back to the WLF main address. This strategic acquisition has fueled speculation that institutional interest in SEI is growing, further strengthening the bullish sentiment.
SEI Poised for Surge: Breaking $0.50 Could Spark Rally
Crypto analyst Crypto Patel explained that, SEI is at present trading 76% lower than its recent peak, offering a great accumulation chance for traders looking for great upside potential. SEI is at its present price level at the center of an accumulation zone ranging from $0.20 to $0.15.
An upside breakout to above $0.50 can be the turning point, which can initiate a stunning rally. If SEI is able to break this resistance level, it can lead to even greater gain, with price objectives in the long run at $1, $3, $5, and even $10. Some of the strongest bullish indicators for SEI include TRUMPs accumulation, which has provided support to investor sentiment and increased buying demand.
If SEI continues its upward momentum and successfully breaks past $0.50, it could pave the way for a larger rally. With institutional interest growing and more accumulation taking place, SEI might be on the verge of a significant price surge in the coming weeks.
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Read more: https://www.tronweekly.com/sei-breakout-as-trumps-project-accumulate/
Text source: TronWeekly
