SEI - Important Level

Sei is also at an important level. Looking at the 8H chart price is trying to from support. Price is currently being supported by the 8H 200 ma, price has created an 8H doji the could signal a reversal to the upside, price is being supported by the 0.618 golden ratio around the psychological $0.50 level, and the RSI could be forming a slight bullish divergence if we get a bounce here.

On the contrary, if price fails to hold this level as support, we could see a swift move to0 the $0.44-$0.45 level and potential a test as low as $0.40. Keep all these targets in mind if we do see a breakdown, but for now watch and see if buyers step in at this level.