SEI surges 19% after Binance validation — 3 metrics hint at a push toward $0.23
The post SEI surges 19% after Binance validation 3 metrics hint at a push toward $0. 23 appeared com. Key Takeaways What fueled SEI’s 19% rally? Whale accumulation near $0. 30 and Binance’s validator role boosted buying pressure and on-chain confidence. Which metrics confirm bullish momentum? RSI rose to 69. 19 with a MACD crossover, signaling strength toward resistance at $0. 21-$0. 23. Sei [SEI] rose by about 19%, up with the entire crypto market, which was driven mainly by altcoins. The altcoin was among the top 10 best-performing in the last 24 hours. The surge came as large whale orders and buyer volume increased. On top of that, Binance became a validator for the SEI blockchain, expanding its network reach and credibility. Analyzing future price targets for SEI SEI broke below a sideways range earlier and tested $0. 15 as a potential bottom before rebounding sharply. The range had held since mid-October and ended when prices escaped consolidation in early November. The RSI Divergence Indicator rose to 69. 19, near the overbought zone, while the MACD confirmed buyer momentum with a positive crossover. These signals suggested a possible pause or short-term correction after the strong rally. 21. A break above this level could push it toward $0. 23 a structure-defining point that might flip sentiment bullish. For now, the overall structure remained bearish until $0. 23 was reclaimed. Big whale orders surge Big whale orders increased in both Spot and Futures markets. In Derivatives, large positions appeared right after SEI dropped below $0. 30, signaling confidence among institutional traders. 40, where each large order showed an average size change of roughly 0. 11%. Retail participation, meanwhile, stayed muted. As is often the case, whales led the first rebound since the market drop on the 10th of October, while smaller traders remained on the sidelines. Bulls.
