- Coinbase (NASDAQ:COIN) to support SEI futures, boosting investor interest ahead of March 14.
- SEI surges 13%, eyeing $1 mark amid rising network activity and NFT expansion.
- SEI’s MACD is positive, but the flattening histogram hints at a potential momentum shift.
Sei (SEI) has witnessed a 13% increase in its price within the last 24 hours. Despite facing resistance at the intra-day high of $0.9577 at press time, bullish momentum was still in play, with SEI exchanging hands at $0.9156.
This surge, achieved after support at the intra-day low of $0.7828 was established, has propelled the token towards a potential breakthrough, with speculation suggesting it could surpass the $1.50 threshold before this quarter concludes. Burgeoning network activity and the expansion of use cases are poised to act as catalysts for this potential price movement.
SEI/USD 24-hour price chart (source: CoinStats)
During the upsurge, SEI’s market capitalization and 24-hour trading volume increased by 11% and 78.03%, respectively, to $2,332,701,970 and $743,303,043. This increase displays the increased interest and confidence in SEI among investors and traders, showing an optimistic outlook on…
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