SEI Gains 24.71% in 24 Hours: Can the Altcoin Continue to Grow

• SEI has rallied significantly, gaining 24.71% as traders monitor key resistance levels.
• The trading volume has surged by 343%, alongside a growing TVL that indicates further potential for increases.

SEI [SEI]
is experiencing a remarkable rise, capturing the interest of traders and investors throughout the crypto market. Its recent price movements have initiated conversations regarding the possibility of even more significant gains ahead.

A critical question for SEI in this burgeoning crypto environment is whether it can maintain its impressive momentum moving forward.

An Overview of SEI’s Recent Price Developments

As of now, SEI is trading at $0.461, representing an impressive one-day surge of 24.71%. This rapid increase positions SEI near the upper Bollinger Band, often indicating overbought conditions in technical analysis.

The Relative Strength Index (RSI) currently sits at 68.11, implying that there may be room for additional growth before reaching overextended levels.

This situation prompts many traders to weigh whether SEI will breach its existing resistance or face a short-term pullback soon.

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