SEI Coin Price Prediction: Latest Analysis and Projections

Bittime - The latest analysis of SEI price shows a projection of between $1.95 to $2.40 towards the end of 2024. Despite facing a brief decline, SEI is showing signs of recovery with bullish divergence in RSI and MACD. 

SEI Coin Price Prediction Analysis

Both fractal and wave count SEI price predictions suggest similar targets for late 2024 at $1.95 and $2.40, respectively. They indicate that SEI is headed for a new record. Below the resistance trend line, the daily timeframe SEI price chart shows a decline from its high in March 2024 to its low in July 2024.

Then the price bounced, confirming the bullish divergence in RSI and MACD. Large upward moves are usually caused by real bullish divergence. If SEI breaks the descending resistance trend line, this will be confirmed.

SEI Price Prediction for the Next 24 Hours

SEI price predictions for the next 24 hours rely on the assumption that the price will reach the resistance trend line and eventually break out. As SEI price has reached the resistance trendline today, the price may fall slightly towards $0.32 in the next 24 hours, giving a bearish prediction.

SEI Market Capitalization to TVL Ratio

A ratio above 1.0 indicates overvaluation because the market capitalization is greater than the value of the assets used in the platform. 

A ratio below 1.0 indicates undervaluation because the market capitalization is lower than the value of the locked assets. The SEI Market Cap to TVL ratio was 3.2 on July 10 2024, indicating that there is overvaluation.

Conclusion

Based on the latest analysis, SEI price prediction suggests that it could reach $1.95 to $2.40 before the end of 2024. Despite the decline from its peak, SEI is showing signs of recovery with bullish divergence in RSI and MACD. However, price predictions for the next 24 hours tend to be bearish, with the price likely dropping closer to $0.32 before reaching the anticipated breakout. It may influence future price movements due to the current overvaluation indicated by SEI's market capitalization to Total Value Locked (TVL) ratio.

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You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.