SEI its price is noting a slow recovery like most other tokens as the market is not yet clearly bullish. The behavior of SEI investors shows that they are doing their best to push the price up. The change in attitude of investors who were quite pessimistic towards SEI in the past period could have a positive impact on the altcoin’s price.
Change in Investor Attitude
The recent positive SEI funding rate indicates that investors are increasingly optimistic about this altcoin. Positive funding rates indicate that long positions are dominant over short positions, which suggests that SEI holders are hopeful that the price could rise.
RSI Indicators
The SEI’s Relative Strength Index (RSI) is increasing, although it remains in bearish territory. This increase could signal a change in market trends and therefore a more positive outlook. The RSI’s breakout from the oversold territory suggests that buying momentum is increasing and investors are inclined to go long at current price levels.
SEI Price Prediction: Long Way to Go
The factors mentioned above, altcoinThis could help the price of the as the general market conditions are also supporting the rise. This could push the SEI’s price from $0.2493 to $0.3090, suggesting that if it turns this level into support, the price could rise to $0.3952. This could allow it to recover from the recent 43% drop.
However, if this barrier fails, the altcoin’s price could consolidate below the $0.3090 resistance and above the $0.2265 support level as before. Any prolonged consolidation may delay the recovery and invalidate the optimistic forecasts.
