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SEI continues to show strength as top trending crypto

Brian Stone
Edited by
Markets
SEI continues to show strength as top trending crypto

An analyst from the More Crypto Online YouTube channel suggests the price of SEI could go higher following an 84.6% price surge in the last week.

The analyst shares two main scenarios the community should watch: one very bullish with five waves following a substantial pullback that becomes another entry point for investors, and another with the ABC structure, a slightly more bearish prediction.

“The next levels to watch are $0.97, $1.16, and $1.55,” if it holds the Jan. 2 lows, the analyst said. “Until then, we can still keep climbing in what is a setup for wave five.”

He concludes SEI “showed a lot of strength yesterday.”

According to data from CoinGecko, a cryptocurrency data aggregator with over 11,000 different crypto assets, the price of Sei (SEI) has witnessed an increase, currently standing at $0.822584, accompanied by a 3% rise in the last 24 hours and an 84.6% surge in the past 7 days.

With a circulating supply of 2.3 billion SEI, the market cap for Sei is evaluated at $1.8 billion, while the 24-hour trading volume amounts to over $1 billion.

SEI continues to show strength as top trending crypto - 1

At the same time, excitement continues from the SEI community over the Jan. 1 announcement by Jay Jog, the co-founder of Sei, regarding the successful completion of Sei V2. Collaborating with renowned blockchain security experts Zellic and OtterSec, the platform underwent code auditing to ensure a strong foundation for its upcoming deployment, introducing optimistic parallelization, a groundbreaking feature promising to reshape transaction processing.