🤔 This week: TSLA Q3 earnings report - is now the right time to buy the EV giant?Explore TSLA Data

SEI Skyrockets to All-Time High: Is a Bull Rally Reversal Looming?

Published 12/19/2023, 08:59 PM
Updated 12/19/2023, 09:15 PM
SEI Skyrockets to All-Time High: Is a Bull Rally Reversal Looming?
SEIC
-

  • Sei (SEI) surged nearly 50%, hitting a new ATH of $0.355464, now the 79th largest crypto by market cap.
  • Sei’s partnership with Circle and EVM support fuels momentum, with trading volume up 413% and social volume soaring 154%.
  • Bullish momentum in the SEI/USD clashes with overbought signals hinting at potential corrections.

In the last 24 hours, bullish momentum has had the upper hand in the Sei (SEI) market, which has seen a 50% increase in value. Consequently, the digital currency skyrocketed to $0.355464, marking a notable all-time high (ATH). At press time, SEI was exchanging hands at $0.348876, a 46.69% surge from the intra-day low. This surge has propelled Sei’s market capitalization to $772,043,882, positioning it as the 79th largest cryptocurrency in market cap.

SEI/USD 24-hour price chart (source: CoinStats)

Trading Volume and Social Engagement Skyrocket

Additionally, Sei’s trading volume has significantly surged by 413% in the past day to reach $725,373,521. This upsurge has crowned SEI as the top 24-hour gainer among the top 100 cryptocurrencies, according to CoinMarketCap. Alongside its financial growth, there’s been a notable spike in social …

The post SEI Skyrockets to All-Time High: Is a Bull Rally Reversal Looming? appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.