SEI Plummets 10% While This Innovative ICO That Cathie Wood Might Love Races Towards $800 Million

The Sei worth plunged 10% within the final 24 hours to $0.6241 as of 5 a.m. EST on buying and selling quantity that plummeted 24% to $413 million.

Sei, which is often seen as a Solana competitor, just lately accomplished an ABC correction on the four-hour chart. Crypto strategist Bluntz on X just lately instructed that the coin is perhaps gearing up for an enormous surge.

Sei Value Prognosis

SEI’s worth just lately managed to succeed in a resistance at $0.75, however its worth was rejected on January 30.

The token briefly encountered a assist at $0.70, which briefly held it from sinking, however this degree shortly broke, and so did the following one at $0.65. These two ranges have since turned resistances that at the moment are holding the SEI worth underneath them.

In different phrases, if SEI worth surges within the close to future, it’ll have fairly a couple of ranges to breach earlier than it recovers.

As of the time of writing, nonetheless, the token seemingly discovered its backside simply above $0.62. Its Relative Power Index (RSI) reveals that it has gone from the overbought zone into the oversold space, with a present rating of 37.33.

This could possibly be a great factor for the token’s worth, as merchants may see it as the proper time to purchase the dip, particularly if well-known analysts are predicting that SEI is about to surge.

Nonetheless, Bollinger bands inform a special story, because the chart above reveals. The bands have narrowed significantly over the previous few hours, which is seen as a bearish sign, and will probably damage the token additional.

For now, SEI worth has stabilized, nevertheless it may simply break the assist at $0.62 and drop to $0.60 and even decrease if the bearish stress continues.

Alternatively, if Bluntz’s prediction is right and SEI sees a worth surge, it’ll have a troublesome time reaching $1, though it may nonetheless see a big restoration to $0.70, or probably again to $0.75.

A surge to $1 would possible require a stronger bull run which might have an effect on a wider crypto market, and as of proper now the market is within the doldrums.

Promising Different to Sei

Whereas SEI’s predicted surge to $1 may deliver important beneficial properties to the token’s holders, there are different alternatives that could possibly be much more worthwhile.

One instance is a token known as eTukTuk (TUK), which is at present in the midst of a presale.

The token invitations buyers to hitch the presale and, in doing so, additionally be part of the inexperienced AI revolution. That is an AI-powered sustainable transport answer that seeks to revolutionize transportation in creating nations, and ultimately, in all places on the earth.

Some within the trade counsel that ARK’s Cathie Wooden would love this mission, given her long-term assist of Tesla, sustainability, and inexperienced options.

Completely happy New Yr from eTukTuk!

As we usher in 2024, let’s journey right into a yr of inexperienced journeys, sustainable selections, and impactful collaborations.

Collectively, let’s drive change and make it a yr of sustainable mobility! #NewYear2024 pic.twitter.com/IfP0xdGi05

— eTukTuk (@eTukTukio) January 1, 2024

Those that really feel the identical and have a tendency to assist inexperienced alternate options may need to be part of the mission’s presale and assist obtain its aim.

The presale has already raised over $730k whereas promoting its TUK token for under $0.02625. The token could be purchased in alternate for BNB or USDT, or you should purchase it straight with a debit or bank card.

As of the time of writing, the token has a bit over 12 days earlier than it sees one other scheduled worth improve, so be sure you purchase on the decrease price so you might be in revenue earlier than it lists.

You’ll be able to take part within the presale right here.

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