[Coin World] Background Information: The SEI network has seen a significant increase in activity recently, with a daily trading volume exceeding 1.5 million, active addresses surpassing 616,000, and a price rise of 12.72%, reaching $0.2097. Major Events: - Social media popularity and community sentiment are rising, indicating increased user interest, and sentiment changes follow on-chain data, showing that the growth is quite genuine. - The futures market has seen a substantial increase in open interest and trading volume, indicating that traders are building leveraged positions in anticipation of a price rise, but there are also liquidation risks. - Spot inflow reached $2.19 million, the highest in several weeks, possibly indicating a return of funds supporting the price rise. - The price is testing the key resistance level of $0.2135, and if it breaks through the $0.2766 resistance, it could drive the price to $0.35, but this requires coordination of trading volume and capital inflow. Potential Impact: If SEI can break through the key resistance and maintain capital inflow, it is expected to continue the upward trend in the short term; otherwise, it may retreat to a consolidation phase.
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SEI network daily volume exceeds 1.5 million, price rises 12.72%, expected to challenge 0.35 USD.
[Coin World] Background Information: The SEI network has seen a significant increase in activity recently, with a daily trading volume exceeding 1.5 million, active addresses surpassing 616,000, and a price rise of 12.72%, reaching $0.2097. Major Events: - Social media popularity and community sentiment are rising, indicating increased user interest, and sentiment changes follow on-chain data, showing that the growth is quite genuine. - The futures market has seen a substantial increase in open interest and trading volume, indicating that traders are building leveraged positions in anticipation of a price rise, but there are also liquidation risks. - Spot inflow reached $2.19 million, the highest in several weeks, possibly indicating a return of funds supporting the price rise. - The price is testing the key resistance level of $0.2135, and if it breaks through the $0.2766 resistance, it could drive the price to $0.35, but this requires coordination of trading volume and capital inflow. Potential Impact: If SEI can break through the key resistance and maintain capital inflow, it is expected to continue the upward trend in the short term; otherwise, it may retreat to a consolidation phase.