SEI Follows SUI; Token Charges Higher With 18% Rally

Name	Symbol	Market	Market Cap ($)	Algorithm
SUI Network	SUIUSD	Crypto	12,851,862,383	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

SUI Network

SUIUSD

Crypto

12,851,862,383

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.190	-3.93%	4.65	4.65	4.65

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.190

-3.93%

4.65

High Price	Low Price	Open Price	Prev. Close	52 Week Range
4.95	4.61	4.86	4.84	0.462300 - 5.39

High Price

Low Price

Open Price

Prev. Close

52 Week Range

4.95

4.61

4.86

4.84

0.462300 - 5.39

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	11:15:15	0.300000	4.65	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

11:15:15

0.300000

4.65

USD

Price x Volume	Volume	Base Symbol	Related Pairs
48,998,333.66	10,293,662.36	SUI	SUIEUR	SUIGBP	SUIBTC

Price x Volume

Volume

Base Symbol

Related Pairs

48,998,333.66

10,293,662.36

SEI Follows SUI; Token Charges Higher With 18% Rally — Is $0.65 Possible?

17/11/2024 1:30pm

NEWSBTC

A little over a year since its debut, the SEI token has experienced remarkable growth, looking to break into the top 50 largest cryptocurrencies by market capitalization. The altcoin has been one of the best performers in the past few days while posting a double-digit gain in the last 24 hours. Crypto Analyst Says Token Is Heading To $0.65 — Here’s How In a recent post on the X platform, prominent crypto analyst Ali Martinez put forward an interesting projection for the price of SEI in the short term. According to the pundit, the cryptocurrency seems ready to continue its upward momentum and movement. This bullish forecast revolves around the formation of the bull flag pattern on the SEI price chart on the four-hour timeframe. The bull flag formation often serves as a strong continuation pattern for upward price trends. Related Reading: Bitcoin Bears In Trouble: $800 Million Set For Liquidation If BTC Reclaims This Price The technical analysis formation is characterized by a period of almost vertical upward price movement (the flagpole) followed by a slight consolidation period (the flag itself). While the bull flag pattern signals the potential for price to trend higher, it is necessary to wait for a successful break out of the consolidation for confirmation. As observed in the chart above, the price of SEI appears to have broken out of the consolidation zone, with a four-hour candlestick closing above the upper boundary. According to Martinez, this recent price action puts the next stop for the token at $0.65, representing roughly a 20% rally from the current price. As of this writing, the SEI token is valued at around $0.53, reflecting an almost 16% climb in the past day. The altcoin, which was mostly quiet all week long, is now up by nearly 18% in the last seven days, according to CoinGecko data. Is SEI Following SUI? Earlier in the past week, Martinez predicted that the price of SEI was soon going to follow the path of the red-hot SUI. Perhaps due to their similar names, these two crypto tokens have an almost identical price trajectory. $SEI will follow $SUI… $1.60 next! pic.twitter.com/UA2a9hUSs1 — Ali (@ali_charts) November 11, 2024 It is worth mentioning that SUI, which is up by more than 50% in the past week, has been impressive long before positive momentum returned to the market. However, Martinez took to the X platform to share that SEI will follow SUI’s bullish footsteps — with $1.6 in its sights. Related Reading: Bitcoin Spot Is King – STH Selling Pressure Expected To Be Absorbed By ETFs Featured image created by Dall-E, chart from TradingView

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