According to crypto trader Teshkid, the Sei Network’s native token SEI has broken out today, presently up close to 11% at $0.79. Having recently regained its uptrend, he flags $0.7891 as the next major upside target, which also corresponds to critical resistance.
Beyond that, clearing the all-time high around $0.8865 should spark a massive vertical move as overhead supply remains quite limited before the psychological $1 whole number level.
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SEI Traders Enjoying 237% Gains Over Past Month
Per CoinGecko data, SEI buyers over the past 30 days have already netted impressive returns of almost 240% amidst the resurgent crypto bull market.
If the latest buying momentum can sustain and decisively flip $0.79 to support as flagged, SEI appears on course to eclipse its former glory in short order with three figures firmly in its sights.
Major Pullback Unlikely But $0.63 Provides Cushion
While Teshkid doesn’t anticipate a breakdown in the works barring any unforeseen black swans, he still advises keeping an eye on $0.63 as the nearest strong support zone should SEI lose steam short-term.
This area matches prior resistance and horizontal support along with the 50-day exponential moving average, forming reliable backup before a buy zone between $0.54 and $0.47.
With fundamentals and on-chain activity also demonstrating renewed traction for the multi-chain network targeting enterprises, the odds remain favorable technically for continuation. Patient accumulation still warrants consideration around any dips.
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