SEI (SEI) has a long decrease over the past few weeks, as it has regained the main levels while the market continues to move side. Today, market analyst Macrypto Alex Detected SEI tries to break the short -term landfill with low sale pressure.
SEI show recovery
Macrypto ALEX suggested that the new purchase activity can raise the price of the original. According to the analyst, World Liberty Financial bought, a SEI, SEI, SEI, a few days ago. Since then, the original has shown recovery indicators.
Last Thursday, February 20, World Liberty Financial (WLFI) spent $ 125,000 in USDC to buy 547,990 SEI code for the first time. While the acquisition was part of the construction of the project for its wallet, it reflects confidence in the Sei Defi symbol. The last large purchase shows strong interest in digital assets, indicating that other whales buy more SEI symbols.
According to the analyst, if the SEI price may reach $ 0.29, it may start experimenting with a large upward momentum.
SEI price analysis
Since early this month, SEI has suffered a great correction, as it has decreased by 23.7 % over the past thirty days. Despite this last decline, the Defi code showed an incredible 12.9 % increase during the past week.
The original price is currently trading at $ 0.2698, indicating a possible change in the direction. The recent price increases indicates that SEI is once again preparing itself for a potential penetration from the continuous declining direction.
The data on the series started to display promising marks for SEI. The Chaikin money flow indicator indicates +1, indicating increased purchase pressure. Since the index has turned into a positive sign (+), this indicates a change in the market.
Significantly interesting factor leads the SEI potential ascension direction is whale activity. Three days ago, a prominent whale (The world is financial freedomHe bought huge quantities of SEI symbols, as shown above. The activity of the last whale indicates a renewable purchase pressure on the SEI.
This huge acquisition highlights the strong enthusiasm of the SEI’s future price. The accumulation of the whale reduces the circulating supply, which may support high prices. A large investor purchase activity usually indicates a positive feeling and can play a rushing role in increasing prices.
If SEI managed to exceed the level of resistance of $ 0.3168, the next main obstacle is the main resistance area of $ 0.369. If he can break the psychological importance of a level of $ 0.360, this may lead to pressure and adopt an ascending trend.
