SEI Token Shows Bullish Divergence as Investor Inflows Hit $40M Peak: Rebound Signals Strengthen
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The SEI token may be about to bounce back after a month of falling. Market analyst Ali (@ali_charts) pointed out many TD Sequential buy signs on SEI’s chart, which might mean that the price would go higher.
As of this writing, SEI is trading at $0.1934, which is about 40% less than it was a month ago. The token’s daily RSI is 30, which means it is oversold. With a volume of $150 million, people in the market are keeping a careful eye on any changes in momentum.
There is support about $0.185 and resistance near $0.20. The 50-day EMA is still around $0.272, which means that a verified comeback may need a lot of purchasing volume.
Bullish Divergence with More Money Coming In SEI
Even if there was a pullback, the data shows that investor confidence is growing. In just the previous week, SEI had $38 million in net inflows, which is the most it has seen this quarter.
If you look at the weekly statistics more closely, you’ll see that it has been growing steadily since mid-September. On September 13, the inflows were $12 million. A week later, they were $18 million. The amount went up by more than $33 million at the beginning of October, and then it kept going up by $25 million every month.
There was a high point of about $40 million the week of October 13, which showed that people and companies were still interested. Analyst Marc Shawn Brown said that steady amounts of money like this usually happen before a technical comeback, especially when the RSI is too low.
ETF Filings Speed Things Up
Along with signs on the blockchain, the growing involvement of banks is also helping the market mood. The U.S. Securities and Exchange Commission (SEC) was recently asked by asset manager 21Shares to make the first SEI exchange-traded fund (ETF).
This comes after Canary Capital’s filing in May, which also tried to give people access to SEI’s blockchain environment. If the government agrees, the suggested ETF would not only follow the price changes of SEI, but it would also reward people who stake their money.
More money is coming in and there are signs that people want to buy SEI right now. People are also interested in ETFs. It’s possible that this phase is more than just a comfort bounce. Right now, there are signs from both technical and fundamental points of view that the return may be closer than most people think.
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