Posted 12/27/2023, 3:31:53 PM
SEI Price Soars to All-Time High Above $0.50, Analysts Predict Further 25% Upside Despite Overbought Conditions
- SEI price has rapidly increased since November, reaching a new all-time high above $0.50 yesterday
- The rally has accelerated since December 19, with 6 bullish daily candlesticks in the last 8 days
- RSI indicator remains bullish despite recent minor price decrease
- Analysts predict continued upward price movement, with next target around $0.58 (25% above current price)
- However, strong rejection at $0.58 would likely lead to a 20% price drop to around $0.37 support level