Sei is Trading -22.22% Below Our Price Prediction for Oct 27, 2024

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• Sei is down -4.44% today against the US Dollar
• SEI/BTC decreased by -2.68% today
• Sei is currently trading 22.22% below our prediction on Oct 27, 2024
• Sei gained 17.26% in the last month and is up 310.53% since 1 year ago

SEI price is expected to rise by 30.01% in the next 5 days according to our Sei price prediction

Sei price today is trading at $ 0.438173 after losing -4.44% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -1.13% in the same time period. SEI performed poorly against BTC today and recorded a -2.68% loss against the world’s largest cryptocurrency.

According to our Sei price prediction, SEI is expected to reach a price of $ 0.563319 by Oct 27, 2024. This would represent a 30.01% price increase for SEI in the next 5 days.

SEI Price Prediction Chart

Buy/Sell Sei

What has been going on with Sei in the last 30 days

Sei has been displaying a positive trend recently, as the coin gained 17.26% in the last 30-days. The medium-term trend for Sei has been bullish, with SEI increasing by 19.73% in the last 3 months. The long-term picture for Sei has been positive, as SEI is currently displaying a 310.53% 1-year price change. On this day last year, SEI was trading at $ 0.106733.

Sei reached its all-time high price on Mar 16, 2024, when the price of SEI peaked at $ 1.14. The current SEI cycle high is $ 0.518672, while the cycle low is at $ 0.207365. SEI has been displaying low volatility recently – the 1-month volatility of the coin is at 6.87. Sei recorded 14 green days in the last 30 days.

Sei technical analysis for today – Oct 22, 2024

The sentiment in the Sei markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.421503, $ 0.410502 and $ 0.390534, while $ 0.452472, $ 0.472440 and $ 0.483440 are the key resistance levels.

Neutral sentiment for Sei

13 indicators are currently signaling a bullish prediction for Sei, while 12 indicators are showing a bearish forecast. With 52% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Sei.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 70 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Sei moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Sei is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Sei is at 50.38, suggesting that SEI is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Sei over the last 50 days. Currently, Sei is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the SEI closing price for the last 200 days. SEI is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Sei prediction

After considering the above factors, we can conclude that the current forecast for Sei price prediction is Neutral. SEI would have to increase by 30.01% to hit our $ 0.563319 target within the next five days. Moving forward, it will be important to monitor the SEI market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Sei price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Source: https://coincodex.com/article/50463/sei-prediction-october-22-2024/