SEI Climbs 60% to $0.65, But Liquidation Concerns Persist
- SEI climbs 60%, targeting $0.65, driven by bullish momentum and strong market interest.
- Liquidation risks rise as shorts face pressure and long positions could trigger liquidations.
- Key resistance at $0.5460, support at $0.4414, with volatility expected around liquidation clusters.
Sei (SEI) has seen an impressive 60% rise in the last two weeks. After a pullback to the 50% Fibonacci level, the coin has gained bullish momentum. Currently, SEI trades at $0.5264, marking a 14% increase in the past 24 hours. Trading volume stands at $783.84 million, and Total Value Locked (TVL) is at $207.32 million. Despite this growth, concerns about liquidation risks remain.
Bullish Breakout and Strong Trend
SEI’s price action reveals a clear upward trend. After forming a flagpole, the coin entered a consolidation phase in a downward-sloping channel. This pattern suggested the potential for a bullish move. Recently, SEI broke above the flag’s upper boundary, confirming fresh bullish momentum.
At $0.4600, SEI’s breakout point suggests a target of $0.65. This target comes from adding the flagpole height to the breakout level. If the breakout holds, SEI could reach $0.65, showing significant upside potential.
Resistance at $0.5460 and support around $0.4414 are key levels. The Alligator lines confirm that the market is trending, with SEI staying above these lines. The Supertrend is green, further supporting the bullish outlook as long as SEI remains above the trendline.
Liquidation Risks Rise
Despite the bullish outlook , liquidation risks are growing. Shorts are facing pressure as the price rises above $0.527. The short liquidation leverage (green) is increasing, signaling higher risks for short sellers. Meanwhile, long liquidation leverage (red) has dropped, suggesting greater risk for long positions if prices fall below this level.
Liquidation clusters are forming around $0.514 for long positions and $0.550 for shorts. A price move toward these levels could trigger massive liquidations, causing volatile market conditions. SEI’s price sits at a critical point. A breakout could pressure shorts, but a breakdown might trigger long liquidations.
For now, SEI’s rise to $0.65 shows promise, but liquidation risks are a real concern. The next price moves will be crucial in determining whether the bullish momentum can continue.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump and Wall Street: How long will the love affair last?
Share link:In this post: Wall Street loved Trump’s win at first—stocks jumped, Bitcoin soared, and borrowing costs hit rock bottom, but some sectors started cracking fast. Tax cuts and deregulation made financial and energy stocks shoot up, but tariffs and plans to deport workers freaked out economists and markets. Tariffs mean higher prices for Americans, and even Walmart’s warning it’ll have to raise prices if Trump pushes through with his trade war.
OpenAI could face a bigger problem than Elon Musk’s lawsuit against it
Share link:In this post: OpenAI’s much bigger threat comes from government regulation since it has more power than Elon Musk. If the government chooses to investigate the shift of OpenAI from a non-profit to a Public Benefit Corporation, there will be severe repercussions. The AI company’s dual model has sparked controversies
Spot Bitcoin ETFs see record $2.42B inflows as Chinese ETFs suffer historic $2B outflows
Share link:In this post: Spot Bitcoin Exchange Traded Funds saw almost $2.5 billion in investments in a single week. However, the Chinese ETFs have seen a series of outflows, amounting to $2 billion worth of withdrawals. The Bitcoin rally helped elevate the spot ETF market, especially with Bitcoin close to reaching $100000.
The clash of Bitcoin and benchmark stock indexes
Share link:In this post: The S&P 500 is up 25% this year, with financial and cyclical stocks leading, boosted by optimism around a Trump administration and steady economic growth. Bitcoin has surged 40% this month, nearing $100,000, driven by aggressive trading, retail investor enthusiasm, and headlines hinting at government support. MicroStrategy’s stock hit a $100 billion market cap, tripling its Bitcoin holdings’ value, but its wild 32% drop from intraday highs shows cracks in the frenzy.