SEI Breakout Above Trendline Signals Potential Reversal
- Price Reversal Potential: SEI's price tests a key descending trendline, and a confirmed daily close above this line could open resistance levels between $0.30 and $0.48, indicating a potential market reversal.
- Demand Zone Accumulation: Strong accumulation in the demand zone around $0.10 to $0.13 suggests seller exhaustion, which may lead to upward price movement and bolster market confidence.
- Stable TVL Metrics: Total value locked (TVL) stabilizes between $180 million and $220 million, reflecting healthy DeFi activity that supports ongoing market growth.
- Volume Analysis: Despite short-term price adjustments, daily trading volumes remain active at $29.5 million and $24.8 million, indicating robust market trading and suggesting potential healthy market rotation.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI) As of , DeFi (DEFI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for DEFI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, DEFI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000204 | 0.000249 | 0.000293 | 0.000338 | 0.000382 | 0.000427 | 0.000471 |
| Fibonacci | 0.000249 | 0.000283 | 0.000304 | 0.000338 | 0.000372 | 0.000393 | 0.000427 |
About DEFI
About the author
