has seen a steady decline from a major resistance zone, leading to a 9.48% drop over the past month. In the last 24 hours, the asset has fallen further, losing 5.95%.
From this support level, the asset’s likely move, based on technical patterns, would be an upward trend, potentially targeting $0.65.However, its next significant move for the new target—whether a rally or a pullback—will depend on the level of selling pressure at that resistance point., top traders on Binance are showing a bullish bias toward SEI. This conclusion is drawn from the long-to-short ratios based on account sizes and position sizes among these traders.
Similarly, the long-to-short ratio, which measures the amount of capital allocated to long positions versus shorts, is at 2.2286. This suggests that bullish traders have invested significantly more capital in long positions compared to shorts. The Total Value Locked , a metric that represents the total capital deposited into SEI-related protocols for activities like staking, lending, and liquidity provision, has dropped to $216.44 million in the past 24 hours.
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